- Yi: + 45.0
- Attempting to bottom out: CLF, DBO, FCX, FLR, IP, NCR, PM, SU, T, $WTIC, XLB, XOM
- Moderately oversold: ROK
- Attempting to hold the 65: DM
- Up against the 65: HPQ, MKC, OMC
- Up against the 28: COST, PHI
- Up against some falling trend line resistance: BIDU, IVW
- Moderately overbought: AEM, ASA, GDX, JNUG, NEM, NYCB, RGLD, RIOT, SIL, $SILVER, SIVR, $XAU
- Overbought: AU, GBTC, GFI, $GOLD
- Toppy: MSFT
- ABEWISUF: APD, CSX, VOT, WBA, WSO, YETI
- 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