- Yi: +5.2, +5, +5.3
- Now trying to bottom out: $HGX, $IIX, $OEX, $SPX, $XAU, $XOI, A, AA, AAPL, AAUKY, ABX, AVP, CAT, DDM, DM, DVY, GDX, GE, GLW, HPQ
- Oversold: $DJGSP, $DJW, $DJX, $NYA50R, $OEX, $SPX, $XAU, $XOI, AA, AAPL, AAUKY, ABX, AVAV, AVP, B, CDE, CHK, DDM, DM, GDX, GLW, HPQ
- Moderately oversold: $HGX, $IIX, A, ACH, AKAM, AU, AXP, BGS, BMY, CAT, CLF, DVY, EFV, GE, GG, GOOG, GPC
- Attempting to hold the 65 DMA here: AEM, CSL, EGO, FXI, GM
- Attempting to hold the 28 day: EEFT, EXP, F
- Moderately overbought now: DUST and FAZ
- A break out in either direction is on the way for: DBC, DBO, ELY
- 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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