- Yi: +8.1
- Now trying to bottom out: $HGX
- Oversold: MM and TSL
- Moderately oversold: $DJX, BMY, COST, CREE, DDM, GOOG, GPC, INTC, JDSU, JPM, KRFT, MBI, MED, PEG, PEP, PFF, V
- Attempting to hold the 65 DMA here: BA, ONXX, QCLN, SCHB, SCHX, UYG, VFC, WSO, XLF, XLY
- Attempting to hold the 28 DMA here: CSL
- Up against the 28 day: $GASO and UGA
- Up against the 65 day: AU and FAZ
- Moderately overbought now: $DJGSP, $XAU, A, ABX, AEM, AGQ, DBO, DGP, GDX, GG, GLD, GXC, NUGT, RJI, SLV, SU, USO
- Overbought: EGO, NCR, SLW
- Toppy here: AAPL and GF
- Anything posted here may be way 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.
Good to see you are posting again. You might like to add UGLD, DGLD, USLV and DSLV to your list if they are not already included. Best. Debu
ReplyDeleteThank you Debu, and I will check them out later after I finish checking out my subject area on Prodigy. ;)
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