- Yi: + 51.78
- Attempting to bottom out: AEO, GOLD, MJ, SIL, SLVO
- Moderately oversold: GILD, KHC
- Trying to hold rising trend line support: HD, KLIC, TTM, YETI
- Trying to hold falling trend line support: MED
- Attempting to hold the 28: $BTCUSD, BITO, COIN, GIS, GT, MDC, TTM, VFC, VNO, WGMI
- Attempting to hold the 65: BITW, DBI, JWN, MU, TTM
- Up against the 65: CL, FL, KMB, SLV, SLVO
- Up against the 28: AGX, JO, MRK, NUS, OIL, PHG, QSR
- Up against falling trend line resistance: AMP, D, KMB, STLD
- Moderately overbought: IYE, LBAI, NTR, O, XOM
- Toppy: O, UNG
- ABEWISUF: AA, LMT
- Anything posted on these pages may be way 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