- Yi: + 80.26
- Attempting to bottom out: OMC, $SILVER, WOLF
- Oversold: PM
- Moderately oversold: BGS, D, KHC, OMC, $PLAT
- Attempting to hold the 28: MAIN
- Attempting to hold the 65: C, GFI
- Up against the 65: MED
- Up against the 28: BITQ
- Moderately overbought: F, FLR
- Overbought: CMG
- Toppy: CSX
- ABEWISUF: AMZN, CAT, $GOLD, VGK
- 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