- Yi: +3.55
- Now trying to bottom out: $CRB, $DJX, $GOLD, $IIX, $WTIC, $XOI, AA, ACH, AMAT, CPSL, CSCO, EEFT, FCX, FSLR, FXI, GOOG, HCBK, IRF, JASO, KO, MFE, NTES, PBW, PTR, YGE
- Oversold: GOOG and MOT
- Moderately oversold: $DJX, $GASO, $IIX, $SPX, AXP, CSCO, IFN, LDK, MSCC, NWL, PAYX, SCHA, SCHB, SPWRA, SUN, TKR, TSM, UGA, USD, UYG, VFC, VOD, WY, XLF
- Trying to hold some rising trendline support: $DJX, $OEX, SHLD, TIE
- Attempting to hold the 65 DMA here: $HGX, $SPX, A, AAPL, CLF, COGO, CSIQ, CTB, DVY, IYY, LUFK, PGM, QQQQ, ROK, URE, WDC, WFR, XLU
- Attempting to hold the 28 day: CBK, IWM, OGE
- Trying to hold falling trendline support: EXP and FSLR
- 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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