- Yi: +31.44
- Trying to bottom out: CNK, PPC, UUP, VNO
- Extremely oversold: $USD
- Trying to hold the 28 DMA: CAR, JPM, PHI, TD
- Trying to hold the 65 DMA: BA, BIDU, GE, PAYX
- Trying to hold rising trend line support: FXI
- Up against rising trend line resistance: CTB
- Moderately overbought: CAT, DNKN, GBTC, JACK, KLIC, RSX
- Overbought: CC, FXF, GDX, $HGX, NEM, RGLD
- Extremely overbought: AEM\, AU, CMI, GFI, $SILVER, SIVR, $XAU
- Toppy: KDP, LIN, MCD, MTH
- Has gone parabolic: GFI
- Break out either way: SCHD, $SPX, USB, WU, YUM, Z
- 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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