- Yi: + 56.1
- Attempting to bottom out: BAC, CNK, F, GM, HSY
- Moderately oversold: CSX, GOOG, TUP, $XOI
- Trying to hold some falling trend line support: C, $HGX
- Attempting to hold the 65: $CRB, RGLD
- Up against the 65: AFL, KHC, MKC, X
- Up against some falling trend line resistance: PG
- Moderately overbought: MARA
- Overbought: BITO, GBTC
- ABEWISUF: GT, TAP
- 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