- Yi: -2.5
- Trying to bottom out: CORN
- Extremely oversold: CMG and MET
- Oversold: $DJW, $FXT, $HGX, $NDX, $SPX, $XOI, AA, ARMH, AVP, B, BAC, C, COPX, CTB, DBC, DBO, EFV, EWA, EWI, FNDF, FXI, HPQ, IP, LEN, MOS, OIL, Q, SHLD, SU, USO, UYG, VGK
- Moderately oversold: AIG, AMCC, CAT, COST, CREE, CSCO, CSIQ, CVY, DB, F, FEU, GF, GOOG, GPC, HSY, INTC, JDST, JPM, LPL, MKC, MMC, M, SY, NUS, PYPL, PEGI, PTEN, PYPL, QCLN, QCOM, QLD, QVCA, ROK, RYE, SCHB, SCHX, SEE, STX, TSLA, UGA, USL, V
- Attempting to hold the 28 DMA: JCP and NFLX
- Moderately overbought: $USD, AEM, CEF, GFI, QLD, UGLD
- A break out in either direction is on the way for: NOK
- Anything posted here may be a bit 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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