Signals: TA for the open of June 27, 2011.

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.

Monday, June 27, 2011

TA for the open of June 27, 2011.

Yi: +5.2, +5.9, +5.45, +5.25, +4.5
Now trying to bottom out: $NYA50R-weekly chart.
Standard oversold: $CRB, $PLAT, BA, EWI, FRO
Moderately oversold: $DJX, $OEX, $XAU, ABX, ASA, DVY, EGO, FSLR, GDX
Attempting to hold the 65 DMA here: AXP, BLL, DGP, DPS, EGPT
Attempting to hold the 28 day: B
Trying to hold falling trendline support: CHK
Now up against the 65 day: DZZ and CNK
Moderately overbought: $VIX, CSIQ, FUQI
Standard overbought: AVAV
A break out in either direction is on the way for: $BDI
Anything posted here may be off base.

No comments:

Subscribe to: Post Comments (Atom)