- Yi: + 60.12
- Attempting to bottom out: IBM
- Oversold: MED, $SILVER, SIVR
- Moderately oversold: $GASO, GE, MMC
- Trying to hold some falling trend line support: CPB, $HGX
- Attempting to hold the 28: AIG, FLR
- Up against the 65: TSM, WGMI
- Up against the 28: BITQ, GOOG, RIOT, TSLA
- Up against some falling trend line resistance: BITW, XLK
- Moderately overbought: $BTCUSD, RGR
- 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