- Yi: +21.34
- Trying to bottom out in this area: ABX, AEM, BBL, CEF, $COPPER, DBP, GDX, GFI, GG, GLD, $GOLD, IAU, MCHP, NCR, NEM, $NYXBT, $PLAT, REMX, RGLD, SIL, UGLD, X, $XAU
- Extremely oversold: ABX, AEM, AU, JCP
- At the average oversold level: AMAT, MCHP, SEE, SPWR
- Moderately oversold: TXN
- Trying to hold rising trend line support: $NDX and NTAP
- Attempting to hold the 65 DMA: EYE
- Attempting to hold the 28 DMA: MOS, MSFT, VFC
- Up against falling trend line resistance: WY
- Up against rising trend line resistance: CVS
- Moderately overbought: AVP, BMY, CBRL, LMT, PEG, PG, T, XRX
- At the average overbought level: AET and CLX
- Getting toppy: AET, CLX, DUST
- A break out either way is on the way for: CTB, EBAY, TUP, TWTR
- Anything posted on these pages 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.
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