- Yi: -0.5
- Extremely oversold: STX
- Oversold: $BDI, $GASO, I, TSLA
- Moderately oversold: AAUKY and XON
- Now trying to hold the 65 DMA here: $COPPER, $CRB, ACH, HSY
- Trying to hold the 28 day: CU
- Up against the 65 day: NCR
- Moderately overbought: AVAV, DB, FB, LEN, PFF, VOX, XLY
- Overbought: SMH
- Extremely overbought: SNDK
- Toppy: T, TSL, V
- A break out in either direction is on the way for: AVP, CNK, CVY, CWI, EFV, FNDF, MSI, SWK
- 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.
No comments:
Post a Comment