- Yi: +40.75
- Attempting to bottom out: BGS, SHAK
- Moderately oversold: MCD
- Attempting to hold the 28: FXF, KMB, PG, $NYA50R, TRV
- Up against the 65: AXP, EBAY, GLW, GT, IP, M, MSFT, $USD, VOX, WSO
- Up against the 28: BAC, C, GF, IR, MED, NFLX, RGR, T, TUP, UUP, V, XRX
- Up against falling trend line resistance: MAIN
- Overbought: $PLAT and PPLT
- Toppy: $UST30Y
- ABEWISUF: COPX, $COTTON, $INDU, NSC, NUS, PM, PPG, PRU, $VIX, X
- 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