- Yi: + 55.23
- Trying to bottom out: GBTC, KOLD, SIL, SLVO
- Extremely oversold: PHG
- Oversold: HBI, RGR
- Moderately oversold: ALV, B, BGS, BITQ, BITW, CAR, $HGX, MAN, MDC, META, MGA, MJ, MU, NUS, NVS, O, $PLAT, TXN, $USD, VGK, VFC, VNO, YUM
- Trying to hold some rising trend line support: CSCO, NIB
- Attempting to hold the 28: AEO, AGX, CSX, DD, IP, IVW, IYG, JWN, KMB, MCHP, MMM, $NDX, $NYA50R, PM, QID, RY, TD, UYG, VOT, XLK
- Attempting to hold the 65: AMP, APD, AVAV, CAKE, CC, MS, PAG, SDY, TKR
- Up against some falling trend line resistance: AEM, WEAT
- Moderately overbought: UUP
- Toppy: UNG
- ABEWISUF: $BTCUSD, CANE, TUP
- 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.
No comments:
Post a Comment