- Yi: +6.45, +6.3, +8, +8.2, +8.6, +8.3, +7.65, +7.5, +7
- Now trying to bottom out: HPQ
- Extremely oversold: JCP
- Moderately oversold: AU, C, FXI, GDX, GLW, GPC, IRF
- Trying to hold some rising trendline support: $DJX, A, AAUKY, KBE
- Attempting to hold the 65 DMA here: EGPT, EWA, EWJ, IYY, MBI
- Attempting to hold the 28 day: EWI and $DJX
- Up against the 65 day: $DJW-weekly
- Up against some falling trendline resistance: $VIX
- Moderately overbought: $BDI, $NYA50R-weekly, $USD, AAPL, CHK, GIS, KFT, LMT
- A probable top here for: $HGX
- Anything posted here may be off base, and there may be more opinions 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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