- Yi: +2.3
- Now trying to bottom out in this area: $GASO, $HGX, $PLAT, B, BPZ, C, CBK, CBZ, DELL, MFE, MTH, NOK, SKS, SSO, SSRI, WHR, XLF
- Oversold: $GASO, TLB, USD, WHR
- Moderately oversold: $HGX, $WTIC, AVAV, B, CSIQ, ELN, GE, NOK, PLL, PTR, ROK, SHLD, SKS, SSO, SU, UGA, URE, UYG, WATG, WFC, XLF
- Now trying to hold some rising trendline support: FRO, IBM, SCHA, SWK, TSL, TSM, VFC, XOP
- Attempting to hold the 65 DMA here: $DJW, $WTIC, FSLR, TSM, URE, WOR, X, YGE
- Attempting to hold the 28 day: SUN, TSL
- Trying to hold falling trendline support: WSO
- Up against falling trendline resistance: $BDI, ASA, SLV
- Up against the 65 day: WFR
- Moderately overbought here: QID
- A break out in either direction is on the way for: ABX, GG, NEM
- 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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