- Yi: + 62.61
- Attempting to bottom out: BBY, C, M, MKC
- Extremely oversold: CBRL
- Oversold: CNK
- Moderately oversold: HBI
- Attempting to hold the 28: LMT
- Up against the 65: AU, BIDU, GFI, OMC, WHR
- Up against the 28: JNUG, LIN, SIL
- Up against some falling trend line support: BIDU
- Moderately overbought: MMC, $PLAT
- Overbought: IBM, $USD, UUP
- Extremely overbought: ANF
- ABEWISUF: BITO, BITQ, GM
- 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