- Yi: + 73.23
- Attempting to bottom out: HSY, MMC
- Trying to hold some rising trend line support: MET
- Trying to hold some falling trend line support: UUP
- Attempting to hold the 28: TAP
- Attempting to hold the 65: NYCB
- Up against the 65: PFE
- Up against some rising trend line resistance: $XAU
- Toppy: FL, META
- ABEWISUF: AFL
- 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