- Yi: +9.8, +9.3, +8.3
- Now trying to bottom out: AU, EWI, FCX, GDX, GG, NUGT
- Extremely oversold: $XAU, ABX, DM, NFLX, NUGT
- Average oversold: $DJGSP, $SILVER, AGQ, CHK, CLF, DM, DELL, EWJ, F, IFN, IRF
- Moderately oversold: $GASO, $WTIC, DGP, EGO, ELN, ELY, FXI, GIS, GM, GOOG, IDA, IP, IWM, JCP, MBI, NAT
- Trying to hold some rising trendline support: $GOLD, EEFT, GE, GLD, MOS
- Attempting to hold the 65 DMA here: BLL, DDM, JPM, KBE
- Attempting to hold the 28 day: DVY and EGPT
- Trying to hold falling trendline support: $PLAT and GPC
- Up against the 65 DMA here: A and FAZ
- Up against some falling trendline resistance: AVP
- Moderately overbought: CREE
- Average overbought: CNK
- Toppy here: $HGX, ANF, AXP, CNK, EEFT, EXP
- A possible top here for: $DJW
- 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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