- Yi: +6.66
- Now trying to bottom out: ASA, EGO, GG
- Moderately oversold: $CRB, ABX, ACH, ASA, BPZ, NTES, PEG
- Trying to hold some rising trendline support: $DJX, $OEX, $SPX, AA, CAKE, COST, CREE, DDM, IWM, IYY, KBE, MBI, MMC, SCHB, URE, USD, WDC
- Attempting to hold the 65 DMA: LPL, MFE, SHI, UGA, UGP
- Attempting to hold the 28 day: $GOLD-weekly, ROK, SUN
- Up against rising trendline resistance: ACAS
- Attempting to break above the 65 DMA: FSLR
- Moderately overbought: C
- Overbought: A, AAPL, CNK
- Toppy: $USD, A, AAPL, BAC, BMY, CNK, DDM
- 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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