- Yi: -2.6
- A possible bottom here for: HPQ
- Now trying to bottom out: AXP and EBAY
- Now up against the 28 DMA: $CRB, $GASO, $WTIC, $XOI, CAT, CSL, CVY, DYN, EFX, EWA, GDDY, HD, IJK, IYE, XLK
- Up against the 65 day: $DJW, $FXT, $HGX, $NDX, AA, B, COPX, COST, FNDF, GF, INTC
- Moderately overbought: $XAU, AEM, AVP, BGS, GG, GLW, GOOG, HSY
- Overbought: $DJGSP and COH
- A possible top here for: ABX
- Anything posted here is not guaranteed to be completely accurate.
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