- Yi: + 94.36
- Moderately oversold: CMG
- Trying to bottom out: XRX
- Trying to bounce: BITO
- Trying to hold some rising trend line support: CAKE, MMM
- Attempting to hold the 65: META
- Up against the 65: $BTCUSD, GM, $SILVER, SIVR
- Up against the 28: PFE, RIOT
- Up against some falling trend line resistance: USB
- Moderately overbought: AU, C
- Overbought: T
- Toppy: MAIN, T
- ABEWISUF: GE, TSM
- 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