- Yi: +1.8
- A possible bottom here for: AAUKY, COPX, CU
- Extremely oversold: $XOI, DBO, FXI
- Oversold: CSIQ, HPQ, PG
- Moderately oversold: BAC, CVS, DB, EFV, EWJ, FEU, FNDF, QLD
- Moderately overbought: AEM, AU, GG, MCD, PEG
- Overbought: LOW
- Anything posted here could 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.
No comments:
Post a Comment