- Yi: -1.8
- Now trying to bottom out: $VIX
- Oversold: DUST and JDST
- Moderately oversold: $UST30Y, $VIX, QLD, SPPIX
- Up against the 28 day moving average here: AIG, ATI, AVAV, AVP, BAC, BLL, C, CNK, CREE, CVS, DB, EROS, LEN, MTH, PEGI, PHI
- Up against the 65 day: $HGX, DM, IP, JOY, MKC, MMC, RAIL, VOT, YYY
- Moderately overbought now: $DJGSP, $DJW, $NYA50R, $SPX, $XAU, $XOI, AA, AEM, ASA, AU, AXP, B, CHK, COH, CORN, CSIQ, CVY, CWI, EFV, EWI, F, FCX, FEU, FNDF, GDX, GE, GFI, GLW, GM, GOOG, GXC, HSY, LOW, MCD, MSFT, NAT, NEM, NFLX, NOK, NTES, NUGT, NUS, PAYX, PEG, PEP, QCOM, RGLD, SCHD, SDY, SIVR, SLV, SLW, TSL, UGP, VGK, XLB, XLY
- Overbought: COST
- 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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