- Yi: +21.78
- Average oversold: F
- Moderately oversold: AAPL, ALL, CLF, FAT, GEF
- Attempting to hold the 65 DMA: BNS
- Attempting to hold the 28 DMA: DNKN and GF
- Up against the 28 DMA: BBGI
- Moderately overbought: BMY and CNK
- Average overbought: GILD
- Toppy: BAC, CSCO, ETN, GOOG, GPC, GT, HPE, IYG, IYJ
- 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