- Yi: -0.25
- A possible bottom here for: GOOG
- Now trying to bottom out in this area: $DJW, $DJX, $HGX, $IIX, $NYA50R, $OEX, $SPX, $WTIC, $XOI, A, ACAS ACH, AKAM, AMAT, ATI, BBT, C, CHK, CLF, CREE, CSIQ, DZZ, ELY, EXP, FCX, FSLR, FXI, HIT, IP, IRF, KBE, LEN, NFLX, PAYX, PBW, PEP, PTEN, QCLN, QLD, ROK, SHI, SKS, SNDK, STX, SWK, TAN, TSL TSLA, UYG, WFR, WSO, XLF, XOP, ZSL
- Extremely oversold: A, BAC, C, CSIQ, DZZ, KBE, LEN, PTEN
- Oversold: ACH and DUST
- Moderately oversold: CHK, ELN, IDA, NTES, SCHB
- Moderately overbought: $DJGSP, $XAU, AU, PHI, SLW
- Overbought: $PLAT, $SILVER, ABX, AEM, AGQ, FAZ, GDX, NGUT, PGM, SLV
- Toppy here: AGQ, DGP, GLD
- A break out in either direction is on the way for: EGPT
- 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.
No comments:
Post a Comment