- Yi: +9
- Trying to bottom out: FAZ, JDST, UUP
- Oversold: DGLD, DSLV, DUST, EEFT, PEP, ZSL
- Attempting to hold the 65 DMA here: USB
- Up against the 28 day: CREE, IRF, WY
- Up against the 65 day: PHI
- Moderately overbought: $CORN, CTB, CVY, CWI, DBB, DBC, DDM, DGP, DVY, EFV, EGO, EWI, FNDA, FNDB, FNDF, FNDX, GF, GLD, GLW, GXC, IAU, IP, IWM, IYY, JPM, KRFT, MMC, PFF, QCLN, QCOM, RJA, RJI, RJZ, ROK, SCHA, SCHB, SCHC, SCHG, SCHH, SCHM, SCHX, SIVR, UGA, UGLD, USCI, VBR, VEU, VGK, VIS, XLB
- Overbought: DBA, DBO, EXP, FB, GDX, GG, GOOG, GPC, IDA, LMT, NUGT, PEG, PTEN, QQQ, RSP, SLW, USLV, USO, VOT
- A break out in either direction is on the way for: STX and TSL
- 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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