- Yi: + 48.2
- Attempting to bottom out: TSLA, WGMI
- Moderately oversold: CPB, $GASO, KODK
- Attempting to hold the 28: KHC
- Attempting to hold the 65: MO
- Up against the 65: BNS, CL, FL, SCHH, XRX
- Up against falling trend line resistance: XRX
- Moderately overbought: AA, AKAM, CAKE, CSX, DDM, EGO, FAST, FCX, FNDB, GLD, $GOLD, GOLD, $HGX, KMB, MMC, NVS, NYCB, PNC, PG, RGLD, SPWR, TD, UYG, VLY, WHR, YYY
- Overbought: AGX, ALEX, SCHD, SNA, TXN, VLY
- Toppy: $PLAT, YUM
- ABEWISUF: $COTTON
- 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