- Yi: +5.2
- Now trying to bottom out: $GASO
- Moderately oversold here: BGF and PHI
- Attempting to hold the 65 day: UGA
- Attempting to hold the 28 day: CREE
- Attempting to break above the 28 day: $CRB and ACAS
- Attempting to break above the 65 day: ACF, GMR, RJA
- Moderately overbought now: MBI, UYG, WATG, WY
- Standard overbought: $PLAT, ASA, GE, NM, URE, V, VFC
- Extremely overbought: CHK
- Toppy here: ARM, B, KO, PLL, RX, UGP
- A break out in either direction is on the way for: ABX
- 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.
No comments:
Post a Comment