- Yi: + 79.5
- Attempting to bottom out: CSCO, UNG
- Extremely oversold: MED
- Moderately oversold: ORCL
- Trying to hold some rising trend line support: F
- Trying to hold falling trend line support: WOLF
- Attempting to hold the 28: ETCG, IBM
- Attempting to hold the 65: CAT, M, QCOM, SCHB, SCHX, $SPX, TSM
- Up against the 65: PM, SPXU
- Up against the 28: AEM, $GOLD, QID
- Up against some falling trend line resistance: AEM, QID
- Moderately overbought: GIS, VGK
- Overbought: BITW, ETHE
- Extremely overbought:
- ABEWISUF: B, PFE
- 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