- Yi: -3.5
- Now trying to bottom out: BAC, CNK, CSCO, DB, Q, QCOM, WFC
- Extremely oversold: $GASO, DUST, JDST, TSLA
- Standard oversold: $UST30Y, LOW, NFLX, NOV
- Moderately oversold: INTC, MED, NTES, PEG, RTH
- Attempting to hold the 65 DMA here: EROS
- Up against the 28 day: GE, MOS, NUS, SEE, SPWR, SU
- Up against the 65 day: BA, IP, OIL
- Moderately overbought: AA, ARMH, CAT, CLF, CSL, GG, IAU, IDA, JNUG, RGLD, ROK, SIVR, SLV, SLW, TKR
- Standard overbought: ABX, AEM, AU, CEF, DBP, GFI, MAT, NEM, NUGHT, O, PEG, PMPIX
- Toppy here: O and T
- A break out in either direction is on the way for: GF and SCHH
- 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