- Yi: +10
- Extremely oversold: $BDI
- Moderately oversold: AEM, DPS, GDX
- Trying to hold some rising trendline support: CSL, DGP, IRF, RJZ, SLW, USB, XOP
- Attempting to hold the 65 DMA here: ASA, GLD, JCP, NFLX, PBY, PGM, PTEN, SLW, VFC, WDC
- Attempting to hold the 28 DMA here: AGQ, AQA.TO, B, HOGS, MED
- Up against horizontal trendline resistance: BLL
- Up against rising trendline resistance: SCHB
- Up against the 28 DMA here: CNK and WFR
- Up against the 65 day: AVP, BA, DZZ, FRO, FXI, PHI
- Moderately overbought now: $NYA50R, EEFT, HPQ, MBI, NOK, PBW, PTR, SUN
- Standard overbought: $DJX, $OEX, $SPX, $XOI, AVAV, BAC, DDM, GF, MMI, RAIL, ROK, WY
- Extremely overbought: AA, CLF, UYG
- A bit toppy here: EWJ, GPC, HIT, IP, KBE, LEN, SWK
- A probable top here for: $HGX
- A break out in either direction is on the way for: DM, DVY, KFT, TSL
- 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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