- Yi: -2.5
- Trying to bottom out: $COPPER, $XOI, ABX, AMD, ATI, AVP, CLF, COPX, CREE, CSIQ, DB, EWJ, GG, GLW, IP, JOY, LPL, MOS, NCR, NEM, NUGT, PHI, QCLN
- Extremely oversold: DM and PTEN
- Oversold: $PLAT, CAT, CNK, COPX, CREE, CU, DB, IP, MOS, PHI, QCOM
- Moderately oversold: $HGX, $SPX, AA, B, BA, BLL, COH, CVY, CWI, EWA, F, FXI, GF, GLW, GXC, HPQ, JPM, LEN, MAT, NCR, NUS, PEGI, RAIL
- Trying to hold the 65 DMA here: $SILVER, AU, BMY, GPC, HSY, JNUG, PEG
- Trying to hold the 28 day: ARMH, CHK, CTB
- Moderately overbought: $USD and COST
- A break out in either direction is on the way for: AAPL, DBC, EGPT, MSFT
- 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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