- Yi: +10
- A possible bottom here for: AMSC and GMR
- Now trying to bottom out in this area: JASO
- Moderately oversold: BA
- Attempting to hold the 65 DMA here: $GOLD, AEM, ASA, AXP, GF, GG
- Up against rising trendline resistance: $DJW-weekly, $SPX, A, BAC, IWM, IYY
- Up against some falling trendline resistance: CSIQ, DGP, EWI
- Standard overbought now: $OEX, AA, CHK, COGO
- Extremely overbought: $HGX, A, CLF
- Going parabolic: ARM and CLF
- A break out in either direction is on the way for: $NYA50R and AGQ
- 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.
Hi: Have you stopped posting the signals? Hope things are OK with you.
ReplyDeleteHi Debu! Oh I just got so "overloaded" and busy lately that I simply could not keep up with everything... Guess I'm a real old geezer now! LOL Happy New Year, and I hope you had a nice Christmas.
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