- Yi: +6.25, +7, +6.95, +7.1, +7.25, +7.4, +7.5, +7.15, +7.45, +7.4, +7.1, +7.75, +8, +8, +7.8, +8.1
- Trying to bottom out: $BDI-weekly
- Moderately oversold: ATI, CLF, DUST, ELN
- Attempting to hold the 65 DMA here: CAKE, GPC, HOGS, IDA, MBI
- Attempting to hold the 28 day: $HGX, CTB, DM, MED, NFLX
- Up against the 28 DMA here: EGO
- Up against the 65 day: AEM and GOOG
- Up against some falling trendline resistance: $DJGSP, $XAU, ABX
- Moderately overbought now: $CRB, AVP, CSL, DGP, GDX, GG, GLD, HIT, MOS
- Overbought: $DJW, $NYA50R-weekly, $PLAT, B, GF, IFN, MSFT
- Extremely overbought: $GASO and $SPX
- Toppy here: BBT
- Anything posted here may be off base, and there may be some 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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