- Yi: + 47.12
- Attempting to bottom out: KHC, SPXU, QID, $USD, UUP
- Trying to hold some rising trend line support: BAL
- Attempting to hold the 28: BAL, $CRB, DBC, TAP
- Attempting to hold the 65: ANF, ETCG, ETHE, GDX, IYE, MARA, NEM, NUS, OMC, ORCL, PHI, $XAU
- Up against the 65: SPWR
- Up against rising trend line resistance: BBY
- Moderately overbought: DBA, IYJ, QRTEA, TSL, TSLA, USB
- Overbought: AXP, TKR
- Toppy: AAPL, BITO, $BTCUSD, CAT, CWI, DB, $DJW, EFV, EWI, FL, FNDF, GE, $HGX, IVW, LEN, MTH, $NDX, $NYA50R, O, PYPL, QLD, QQQ, SCHB, SCHX, $SPX, STX, UYG, VOT, VOX, WBD, WGMI, WY, XLK, YYY
- ABEWISUF: DM
- 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