- Yi: +48.76
- Oversold: CL, HD, KHC, META, USB, WHR
- Moderately oversold: A, AA, BEN, CSCO, CSX, F, FAST, FLO, GIS, JO, LMT, MMC, $NYA50R, TROW
- Trying to hold rising trend line support: AFL, BABA, CBRL, IBM, $INDU, IYJ, JNPR, SDY, SNA, WEC, XMMO
- Trying to hold falling trend line support: ALEX, G, M. NTAP, STX
- Attempting to hold the 28: AMP, AVAV, FLR, HRB, KR, MET, NDAQ
- Up against the 65: UGA
- Moderately overbought: $UST30Y
- 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