- YI: +5.7, +5.35, +5
- A possible bottom here for: AEM
- Standard oversold: $HGX, A, ATI, CTB, EWI, GLW
- Moderately oversold: $DJW, $DJX, $IIX, $NYA50R, $OEX, AXP, CLF, DVY, GE, GG, GPC, HPQ, IRF, IYY, OCR, PAYX, PG
- Now trying to hold some rising trendline support: AAPL, EWA, MSFT
- Attempting to hold the 65 DMA here: $DJGSP, $PLAT, ASA
- Up against the 28 DMA here: HOGS
- Moderately overbought: CHK and PHI
- A bit toppy here: $GOLD weekly chart.
- A break out in either direction is on the way for: AGQ
- 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:
ReplyDeleteWould you also add NUGT and DUST to your list? Thanks
OK I will check them out for Monday.
ReplyDelete