- Yi: + 51.33
- Trying to bottom out: AFL, CAT, $LUMBER, MET, PRU, SLVO
- Trying to hold some rising trend line support: $USD
- Trying to hold some falling trend line support: BBY
- Up against the 65: A, NVS
- Up against the 28: ALV, CL, DWAC, MGA, MKC, NUS, SOYB, STX
- Up against some falling trend line resistance: FLO, GILD, IQV, MJ, VGK, YUM
- Up against some rising trend line resistance: XLE, XOM
- Overbought: HRB, UGA
- Setting up for a breakout either way: AIG
- 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.
No comments:
Post a Comment