- Yi: +2.5
- Now trying to bottom out: B and V
- Standard oversold: BPZ, CHK, MBI, WOR
- Moderately oversold now: $XOI, AA, BA, BBT, CAT, CLF, FRO, GA, GDX, GE, IBM, IRF, KBE, MEOH, MMC, MTH, NAT, NEM, PAYX, PTEN, SLV, SU, SWK, SYY, TLB, TOT, TPX, TSM, USB, UYG, V, XOP
- Attempting to hold the 65 day: $DJX, $GOLD, $OEX, $SOX, $SPX, ABX, ACH, ASA, AXP, BNI, DVY, EWA, EWI, FRO, GLD, GOOG, GPC, IWM, IYY, LUFK, MOT, NM, NWL, PBW, PLL, PTR, RBS, RJI, RJZ, ROK, SEED, SHLD, UGA, WFC, WSO, X
- Attempting to hold the 28 day: ACF, ARM, CNK, EXP, PEG, QCOM, T
- 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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