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.
Monday, October 17, 2022
MU 10-18-2022
Yi: + 40.75
Attempting to bottom out: GLD and SIVR
Moderately oversold: $SILVER
Attempting to hold the 65: FLO
Up against the 28: APD, GOOG, GS, HBI, $INDU, IWM, SCHD, TD, V
No comments:
Post a Comment