- Yi: +9.3, +8.3, +8.0
- A possible bottom here for: FCX
- Trying to bottom out: ACH, AEO, JDST
- Extremely oversold: DUST
- Oversold: DBB and DGLD
- Moderately oversold: ACAS, BA, C, CSCO, DSLV, EWJ, FXI, GXC, NCR, NTES, OCR, PGA, PTR, YAO, ZSL
- Attempting to hold the 65 DMA here: $DJW, $HGX, $MOX, $OEX, $WTIC, FNDF, IRF, NAT, V, VGK, VIS, XLF
- Attempting to hold the 28 day: $SPX, ARMH, AXP, BLL, CWI, DDM, EXP, GE, GLW, QQQQ, SCHG, SHI, VOT, WSO, XLY
- Up against the 65 day: $BDI
- Moderately overbought: $DJGSP, $XAU, ABX, AEM, GDX, GG, SLW
- Overbought: DGP, GLD, IAU, JNUG, NUGT, UGLD
- 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.
Hi Yogi:
ReplyDeleteI wonder if you would consider adding the following open-end funds to your list: PMPIX, SPPIX, FYAIX and AFBIX.
Best.