- Yi: +1.15, +2.25, +2.3
- Up against the 65 DMA here: B, CLF, DM, DVY
- Up against the 28 DMA here: $HGX, $OEX, AKAM, AVP, EGPT
- Up against some falling trendline resistance: BA and DELL
- Moderately overbought now: $PLAT, AAPL, ARMH, B, CHK, CLF, CNK, DGP
- Overbought: AEM
- Toppy here: AAPL
- A possible top in this area for: AEM
- Anything posted 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.
No comments:
Post a Comment