- Yi: +1.5, +2, +2.1, +2.3, +1, +2, +1.15, +0.75, 0, +0.15, +0.35, -0.4, +2.2, +2.4, +2.9, +3.5, +3.6
- Now trying to bottom out: $VIX
- Extremely oversold: SHLD
- Oversold: $VIX
- Moderately oversold: $BDI
- Attempting to hold the 65 DMA here: $BDI-weekly and the $GOLD-weekly.
- Up against rising trendline resistance: $HGX
- Up against the 28 day: CAT and CHK
- Up against some falling trendline resistance: $CRB, $DJW, $IIX, $XOI, ANF, CREE
- Up against the 65 day: $IIX, ACAS, AXP, C
- Moderately overbought now: $DJX, $GASO, $HGX, $OEX, $SPX, $WTIC, AAPL, ATI, B, BLL, CAKE, COST, CSCO, CSL
- Overbought: AKAM and BMY
- Extremely overbought: BA
- Toppy here: $DJX, $OEX, AKAM, BA, BGS, BLL, CAKE, CSL
- A possible top here for: BBT
- A break out in either direction is on the way for: AVAV
- Anything posted here may be off base. There may be additional signals later.
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.
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