- Yi: +23.6
- Attempting to bottom out: AEM, AIG, AMTD, AXP, B, BAL, BBGI, BBL, BBY, BMY, BNS, BYND, CAKE, CIEN, CLF, $COTTON, CORN, $CRB, CSCO, CSIQ, CSX, DFS, DRI, EWA, F, FL, FLR, GPC, HAS, HPE, HRB, INTC, IYE, JACK, JNPR, KOL, KSS, LEN, LPL, MAN, MAT, MET, MS, MTH, NCR, NOV, NSC, NTAP, $NYA50R, OLLI, OMC, PAG, PCRFY, PINS, $PLAT, QSR, REMX, RGLD, RSX, RYE, SCHW, SEE, SLV, SOYB, TD, TGS, TILE, TSN, UGA, UNG, VFC, VGK, VNO, WEN, WFC, WOOD, WOR, $WTIC, WYND, $XAU, XLE, XRX, YUM
- Average oversold: PPLT
- Moderately oversold: JWN, SPWR, UGLD, $USD, UUP
- Attempting to hold the 28 DMA: GOLD and IAU
- Moderately overbought: IR
- Average overbought: KOLD
- 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.
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