- Yi: -0.51
- Trying to bottom out in this area: $NYA50R, $SPX, ACF, AMSC, AVP, B, BA, BBT, CLF, CNK, COST, EWA, EWI, F, FRO, FSLR, FXI, HCBK, KGC, KO, LDK, LMT, LOW, LUFK, MBI, MEOH, MFE, MOT, MTH, NM, PHI
- Extremely oversold now: $HGX, CNK, CSIQ, ELY
- Oversold: $DJW, $XOI, A, AA, ACAS, ACH, AMAT, AMSC, BAC, BBT, COST, CREE, IYY, KGC, KO, LUFK
- Moderately oversold: $WTIC, $XAU, AAPL, AEM, AXP, CSL, EWI, KFT, PTR
- Now trying to hold some rising trendline support: $HGX, AEM, GDX, GLD, GPC, NEM
- Attempting to hold the 65 DMA here: $USD and ABX
- Attempting to hold the 28 day: MMC
- Now trying to hold falling trendline support: $DJX, BAC, CSCO, HCBK, IWM, IRF
- Up against falling trendline resistance: ELN
- Up against the 65 DMA here: NTES
- Toppy here: QID
- 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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