- Yi: +1.3
- Moderately oversold: DRI
- Attempting to hold the 28 DMA here: SMH
- Up against the 65 DMA: $USD
- Up against the 28 DMA: CMG
- Moderately overbought: $DJW, BAC, I, IYG, LOW, NFLX, TWTR
- Toppy: CSL
- 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