- Yi: + 58.85
- Trying to hold some rising trend line support: IVW, QLD, QQQ, TSL, TSLA, XLK
- Trying to hold some falling trend line support: HSY
- Attempting to hold the 28: AMZN, ANF, TAP
- Attempting to hold the 65: AAPL, IVW, LMT, $NDX, PG, QLD, QQQ, SCHX, $SPX
- Up against the 65: QID, SIVR, SPXU
- Up against the 28: CBRL, FL
- Up against some falling trend line resistance: FLR
- Moderately overbought: $UST30Y
- ABEWISUF: AFL, $BTCUSD, CPB, G
- 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