- Yi: +4.75
- Attempting to break above the 28 day: $GOLD, AA, ABX, ASA, C, CHK, CREE, GTU, LUFK, NAT, NEM, SLW, SUN
- Attempting to break above the 65 day: $CRB, $PLAT, $XOI, BBT, CAT, FRO, GE, JOSB, MMC, PGM, RJI, TAN, TIE, URE, WOR, XOP
- Moderately overbought: $DJX, $OEX, $SPX, AAPL, ACF, AEM, BAC, BGF, CAKE, CBK, CSCO, CSIQ, DDM, DVY, EWA, EWI, FXI, GDX, GF, GG, GPC, IDA, IRF, IWM, IYY, KBE, KGC, KO, LMT, MKC, NWL, PEG, PEP, QCOM, QQQQ, SHLD, TKR, TOT, UGP, UYG, V, WFR, WSO
- Standard ovebought: $SOX, AXP, GOOG, KFT, MFC, PG, PLL, ROK
- Toppy here: CTB, HCBK, MFE, USD, VFC
- More later. Anything posted here may be off base.
For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.
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