- Yi: + 86.16
- Attempting to bottom out: UNG
- Up against the 65: QRTEA
- Up against falling trend line resistance: CPB, INTC
- Moderately overbought: F, CLF, GT, WOLF, $USD, XRX
- Overbought: C, CLF, $GOLD, KHC, WHR
- Toppy: AFL, AIG, BITQ, C, $HGX, LMT, MAIN, NOBL, RGR, SDY, WY
- ABEWISUF: IVW, LIN, QID, QLD
- 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