- Yi: +21.71
- Average oversold: DUST
- Attempting to hold the 65 DMA: TWTR
- Up against the 65 DMA: MDR
- Up against the 28 DMA: BBY, F, JJNTF, MBI, SU, SYMC, WOR
- Up against rising trend line resistance: IAU
- Moderately overbought: DAL, EYE, GILD, IQV, JCP, RRGB, SGGFF, SIL, SWK, WHR, $XAU
- Average overbought: GDX
- Extremely overbought: KMB
- Toppy: JNJ, LIN, SHAK, XRX
- A break out either way on the way for: ALEX, GT, PHI,STLD, STX, YUMC
- Anything posted 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