- Yi: +6.3, +6, +5.85
- Now trying to bottom out: DUST and GLW
- Standard oversold: ZSL
- Moderately oversold: DUST, GLW, GOOG, NOK, SNDK
- Now trying to hold some rising trendline support: F, HPQ, QQQ, VZ
- Attempting to hold the 65 DMA here: BGS and OCR
- Attempting to hold the 28 DMA here: IP, ROK, WFC
- Up against the 65 DMA here: GDX, NUGT, TSLA
- Up against some falling trendline resistance: EGO and FAZ
- Moderately overbought now: $CRB, $DJGSP, $GOLD, $PLAT, $SILVER, $XAU, AGQ, ARMH, ASA, AU, AUQ, B, C, CNK, DGP, DM, EGPT, GG, GLD, MED, PGM, PRBLX-weekly, QCLN, SLW
- Standard overbought: $GASO, BLL, JCP, NFLX, UGA
- Extremely overbought: $NYA50R
- Toppy here: $DJW, CAT, CNK, EGPT, ELY, GF, RJZ, SCHH, SLW
- A possible top in place for: $HGX
- A probable top here for: $DJX
- A break out in either direction is on the way for: MBI and RAIL
- Anything posted here may be off base, and there may be more 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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