- Yi: + 63.4
- Attempting to bottom out: BMY, CAR, D, DIS, GIS, GM, HSY, M, MED, WBD
- Extremely oversold: HSY
- Moderately oversold: COPX, NCR, $SILVER, STX, QCOM, VGK
- Trying to hold some rising trend line support: BAC, GOLD, MARA
- Trying to hold some falling trend line support: B
- Attempting to hold the 65: WHR, X
- Up against the 65: CPB, SPXU
- Up against the 28: AFL, SCHB, $SPX, QID
- Up against falling trend line resistance: APD, RGR
- Overbought: INTC
- Toppy: ANF, INTC, $USD
- ABEWISUF: AU, BITW, MKC, NOBL, RIOT, TSLA
- Anything posted on these pages 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