- Yi: +10
- Attempting to bottom out: NTES
- Extremely oversold: FAZ
- Moderately oversold: ABX, AEM, AKAM
- Now attempting to hold some rising trendline support: $XAU, ACAS, F, LMT
- Attempting to hold the 65 DMA here: DPS, JCP, SKS, TSLA
- Now up against the 28 day: NOK and PHI
- Up against some falling trendline resistance: ABX
- Moderately overbought: $PLAT, $USD, AVAV, BAC, BPZ, GF, GLW, IP, OCR, PGM, RAIL, SU, XLU
- Standard overbought: $GASO, $SPX, $WTIC, FCX, RJA, RJI, SWK, UGA, WFC, XLF
- Extremely overbought: AMAT
- Toppy here: $HGX, ACAS, AMAT
- A possible top here for: AA and MED
- A probable top here for: $HGX, $OEX, A
- A break out in either direction is on the way for: CREE and EGO
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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