- Yi: + 42.0
- Attempting to bottom out: $CRB, GOLD, SIL, $SILVER, VLY
- Oversold: BAC, BITO, CORN, NCR, $NYA50R, SDY, VLY
- Moderately oversold: ANF, BAL, BIDU, C, CAR, CAT, CBRL, CC, COPX, FLR, FXI, GPC, JPM, IWM, IYJ, MAIN, MARA, NOBL, NTAP, OMC, QQQ, RIOT, TROW, TSL, TSLA, $VIX, XLB, XRX, YYY, Z
- Attempting to hold some rising trend line support: GT
- Attempting to hold some falling trend line support: PFE
- Attempting to hold the 28: CNK, ETN, $USD
- Attempting to hold the 65: GIS, LIN
- Up against the 65: AU, GFI
- Up against the 28: CMG, INTC
- Up against rising trend line resistance: AGX
- Up against falling trend line resistance: PPLT
- Overbought: AGX, GE
- ABEWISUF: PPC, RGR
- 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