- Yi: + 41.27
- Trying to bottom out: BMY, CNK, DYN, GBTC, PFF, TUP, Z
- Oversold: AAPL
- Attempting to hold the 28: FLR, JNUG
- Attempting to hold the 65: GOLD, NEM, PG
- Up against the 65: ANF, PYPL, VFC
- Up against the 28: AA, GE, MAIN, S
- Moderately overbought: FXF
- ABEWISUF: BIDU, CAKE, CVS, IP, IYJ, MET, MMC, O, SCHX, SEE, SIVR, SLV, T, TKR, $VIX, WSO, WU, WY
- 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