- Yi: + 89.09
- Attempting to bottom out: ETHE
- Oversold: SPXU
- Moderately oversold: $USD
- Trying to hold some rising trend line support: LMT
- Attempting to hold the 28: GIS, MKC, WBD
- Up against the 65: CLF
- Up against the 28: WY
- Up against some falling trend line resistance: GT, META
- Moderately overbought: $NYA50R, ORCL, SEE
- Overbought: AVAV, COPX, GLW
- ABEWISUF: RGR, X
- 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