- Correction, the Yi is now -3.2, not -2.
- Yi: -2
- Trying to bottom out: $BPSPX, $DJW, $FXT, $SPX, $XOI, AA, AAUJY, ACH, AEM, ATI, AVP, COH, COPX, CU, DBO, EGPT, EROS, GLW, GM, GPC, GXC, HPQ, HSY, INTC, LPL, NCR, NOK, OIL, PHI, RJI, ROK
- Extremely oversold: $CRB and NCR
- Oversold: $USD, IP, ROK, SHAK
- Moderately oversold: CDE, PAYX, PEP, PYPL, SEE
- Trying to hold the 28 day moving average: NUS
- Up against the 65 day: JDST
- 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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