- Yi: +5.95
- Now trying to bottom out: A and DZZ
- Standard oversold: $HGX, AEM, AKAM
- Moderately oversold: $DJW, $DJX, $NYA50R, $SPX, AA, ATI, AU, AVAV, AVP, C, CAKE, CAT, CSL, DDM, DM, DPS, DVY, EGPT
- Attempting to hold the 65 DMA here: $OEX, $XOI, ACAS, ARMH, AXP, BGS, CAT, CLF, DELL
- Attempting to hold the 28 day: $IIX
- Moderately overbought: EEFT
- Standard overbought: $VIX
- A possible top in this area for: $GOLD
- 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 Yogi:
ReplyDeleteCan you add $DJGSP to your list?
Best.
OK, no problem Debu, and I hope all is well with you!
ReplyDelete