- Yi: + 93.79
- Attempting to bottom out: GT, QID
- Trying to bounce: NYCB, QCOM
- Trying to hold rising trend line support: CAR
- Attempting to hold the 28: BBY, MMC
- Attempting to hold the 65: BMY
- Up against the 65: ANF, BA, CLF, $XAU
- Up against the 28: CAT, MED
- Moderately overbought: MAIN
- Overbought: $NDX
- Toppy: AAPL, AMZN, $GASO, GOOG, IVW, MSFT, QLD, QQQ, $SPX
- ABEWISUF: COPX, HSY
- 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