- Yi: +9.3, +8.6, +9
- Now trying to bottom out: $USD, CLF, IRF, NCR, UUP
- Average oversold here: CLF, DUST, IRF, ZSL
- Moderately oversold now: $USD, BA, DELL, GLW, HPQ, INTC, NCR, SUN, UUP, VZ, XLU
- Trying to hold some rising trendline support: AMAT, ANF, C, CREE, SCHC, UYG, VIS, WSO
- Attempting to hold the 65 DMA here: AA, B, CNK, NAT, PEG, SHLD, X
- Attempting to hold the 28 day: $DJX, AU, DDM, DPS, DVY, IDA, VOD, XOP
- Up against the 28 day: TSL
- Up against some falling trendline resistance: FAZ
- Moderately overbought now: $DJW-weekly, $SILVER, ABX, GG, NOK, NUGT, PGM, PRBLX-weekly, RJZ, SLV, SWC
- Average overbought: $GOLD, $PLAT, AGQ, DGP, EGO, EXP, GDX, GLD, PRBLX, SLW
- Toppy here: $CRB, $DJGSP, $NYA50R-weekly, AEM, RJI, SLW
- A possible top here for: UGA
- A break out in either direction is on the way for: EEFT, ELN, SWK, TSLA
- Anything posted here may be off base.
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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