- Yi: +7.8
- Trying to bottom out: BMY, COST, CREE, DSLV, DUST, PEP
- Oversold: DSLV
- Moderately oversold: ANF, AVP, DGLD
- Tying to hold some rising trendline support: GM
- Attempting to hold the 65 DMA here: F, GM, PG, RAIL
- Attempting to hold the 28 day: AKAM, ARMH, EEFT, PAYX
- Up against the 28 DMA here: QID
- Moderately overbought now: $CRB, $GOLD, $SILVER, DBC, IAU, NTES, UGLD, USLV
- Toppy here: $XAU, AGQ, CDE, DBS, EGO, EWI, GDX, GG, NCR
- Going parabolic: AAPL
- 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.
On your Aug 19 post there is a symbol UGLV. Looks like it should be USLV. Debu
ReplyDeleteThank you for letting me know Debu!
ReplyDelete