- +0.5
- A possible bottom here for: AAPL
- Now attempting to bottom out: JDST, PHI, UUP
- Average oversold: SPWR
- Moderately oversold: GT, Q, SHAK
- Attempting to hold the 28 day moving average: AVAV, GM, IJR, IYG, IYJ, IWM, WY
- Up against the 65 day: CMG
- Up against the 28 day: IDA
- Moderately overbought now: HSY, SYY, UGLD
- Toppy here: BGS, EFX, EROS, $GOLD, IAU, MMC, NAT, PFF, RGLD
- A possible top here for: ABX, DBP, $GASO, NEM, $PLAT, $SILVER, $WTIC, YYY
- A break out in either direction is on the way for: MSI
- 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