- Yi: + 67.05
- Attempting to bottom out: ETCG, F, LMT
- Moderately oversold: BITO, TAP
- Attempting to hold the 28: GOLD, KHC, MKC, NTAP, WGMI
- Attempting to hold the 65: NCR, SEE, SIVR
- Up against the 65: CAR
- Overbought: QCOM
- Toppy: COPX, GOOG, IBM, NYCB
- ABEWISUF: AFL, GPC, $HGX, MET, MSFT, QQQ
- 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