- Yi: +9.2, +9.36
- Now trying to bottom out: CSIQ, ENER, HIT, SEED
- Standard oversold: EWJ
- Moderately oversold: AVAV, FSLR, GLW
- Attempting to hold the 65 DMA here: AVAV
- Attempting to hold the 28 day: AKAM, AMAT, PG
- Now trying to hold falling trend line support: DZZ and FRO
- Up against the 28 day: AEM
- Now up against some falling trend line resistance: B, BAC, DELL
- Up against the 65 day: $PLAT, AVP, C, DM, F, KBE, PAYX, SNDK, USB
- Moderately overbought now: $CRB, $PLAT, ASA, AXP, BLL, BMY, EGO, EWI, FCX, KFT, PEP, RJA, RJZ, SLW, UYG
- Standard overbought: $GOLD, $XAU, AA, ABX, CNK, DGP, ELN, EWA, FXI, GDX, GG, WOR
- Extremely overbought: AGQ
- Toppy here: $SPX, $GASO, DGP, RJI, SCHB, SCHC, SCHE
- A possible top here for: $DJW, ACAS, DVY, GF, GPC, IDA, IWM, IYY, PTR, UGA, WSO
- A break out in either direction is on the way for: BBT and BPZ
- 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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