- Yi: +6.1, +6.8, +7, +7.7
- Trying to bottom out: QID
- Extremely oversold: DUST and JDST
- Oversold: $BDI and DGLD
- Moderately oversold: DSLV and FAZ
- Attempting to hold the 65 DMA here: $VIX and $VXO
- Up against the 28 day: $MOX, CAKE, DDM, DVY, FNDA, FNDB, FNDX, JPM, MMC, PBW, PEP, PG, SCHA, SCHD, SCHG, SCHH, SCHM, SCHV, SEE, TSL, USB, UYG, VBR, VIS, XLE
- Up against the 65 day: $DJX, $OEX, AAPL, CDE, CTB, DDM, DVY, FNDB, FNDX, IRF, IWM, KBE, MMC
- Moderately overbought: $DJGSP, $DJW, $GASO, $SPX, $WTIC, A, ABX, AMAT, AXP, BMY, CSCO, DGP, EGO, EWI, FNDF, GDX, GLD, GLW, IAU, IDA, IYY, MBI, QCLN, SCHB, SCHC, SCHG, SLW, SNDK, UGLD, VGK, WFC, XLB
- Overbought: $XAU, AAUK, AEM, AU, BLL, GG, HSH, JNUG, LMT, PFF, TSLA, VOT
- Extremely overbought: AKAM
- Toppy here: AEM, EGPT, GOOG, NFLX
- A break out in either direction is on the way for: ANF
- 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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