- Yi: + 88.97
- Attempting to bottom out: BMY
- Trying to bounce: $UST30Y
- Moderately oversold: FL
- Trying to hold some rising trend line support: KHC
- Trying to hold some falling trend line support: TAP
- Attempting to hold the 28: CAT, CSCO
- Attempting to hold the 65: CMG, CNK, WY
- Up against the 65: MARA
- Up against the 28: ETCG
- Up against some falling trend line resistance: GIS, UUP, WGMI
- Toppy: AAPL, GLW, MMC, MMM, OMC, PFE, PM, TSM
- ABEWISUF: F
- 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