- Yi: +14.79
- Attempting to bottom out: AHH, CANE, CORN, KOLD
- Extremely oversold: AEO
- Attempting to hold the 28 DMA: GT, KOL, MAIN, T, TAP
- Up against the 65 DMA: FB and YUM
- Up against rising trend line resistance: DRI, GDX, NEM
- Moderately overbought: BAL, $COTTON, PHI, PYPL
- At the average overbought level: GDX, GFI, TGLD, $XAU
- Getting toppy: EBAY and GOLD
- A break out either way is setting up for: AFL, AMP, AXP, B, BBY, BNS, C, EWI, FL, $HGX, IFN, JPM, MDC, NCR, O, PFF, PNC, QRTEA, RY, SWK, SYY, TRV, USB, UYG, XRX
- Anything posted on these pages mat 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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