- Yi: + 61.14
- Attempting to bottom out: WBD
- Extremely oversold: QID
- Trying to hold rising trend line support: $COPPER
- Attempting to hold the 28: SOYB
- Up against the 28: $USD
- Moderately overbought: ALEX, BAL, BITW, CLX, $COFFEE, GILD, HA, MCHP, MJ
- Overbought: GT, MS, PAYX, PEG, QQQ
- Toppy: APD, AVGO, BITQ, ETCG, FAST, GPC, IQV, MARA, MMM, NDAQ, $NDX, NFLX, O, RIOT, SPWR, WGMI, XLK, YYY
- ABEWISUF: COIN, DD, GEF
- Anything posted may be in error.
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