- Yi: +7.8, +7.8, +7.5, +7.4, +7.5, +7.7, +7.9, +7.9, +8.6, +8.7, +8.2, +7.9, +8.8, +9.5, +9, +9.3, +8.8
- Oversold: $BDI and AGQ
- Moderately oversold: $DJGSP, $GOLD, $SILVER, $USD, $XAU, AAPL, ABX, AEM
- Up against the 65 DMA here: B
- Moderaly overbought: $HGX, $IIX, $NYA50R, $PLAT, $SPX, $XOI, A, AAUKY, ACAS, AMAT, ATI, BA
- Overbought: AKAM and ARMH
- A possible top here for: $DJW
- A break out in either direction is on the way for: $CRB
- 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.
No comments:
Post a Comment