- Yi: +0.3
- Trying to bottom out: CORN, OIL, WFM
- Standard oversold: CSIQ
- Moderately oversold: ATI, CHK, CTB, DBC, F, GM, M, OIL, RGR, SLW, TSL, UGA, USL, USO, $XOI
- Attempting to hold the 65 DMA here: FB, GE, INTC, LEN, NUS, UGP
- Attempting to hold the 28 day: AVAV, CNK, CVY, FCX, NAT, PFF, SU
- Up against the 65 DMA here: TWTR
- Moderately overbought: BMY, NFLX, Q
- Toppy here: MKC, MSI, NCR, PEP, SYY, VOX, WY
- A break out in either direction is on the way for: GDX, GG, JNUG, $XAU
- 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