- Yi: +18.0
- Up against falling trend line resistance: FL, FLO, HMC, HPE, IR, STX
- Up against the 65 DMA: CG, CLF, $COPPER, $DJW, DRI, EMR, $GASO, GS, IWM, MGA, NTAP, PAG, $SILVER, SIVR, SNA, TKR
- Up against the 28 DMA: RSX
- Moderately overbought: AMAT, GDDY
- Average overbought: BYND, EBAY, $NYA50R, RGR, SMG
- Getting toppy: AEM, AU, GDX, MED, NEM, RGLD
- A break out either way is setting up for: BNS, CAR, $CRB, ETN, EWI, JWN, MMM, PAYX, PPLT, TRV
- 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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