- Yi: + 90.5
- Attempting to bottom out: INTC
- Trying to bounce: GLW, $NDX, QLD, QQQ, TSM, XLK
- Oversold: QCOM
- Moderately oversold: B, GBTC, PG
- Trying to hold some falling trend line support: ETCG
- Attempting to hold the 28: SPXU
- Attempting to hold the 65: $BTCUSD
- Up against the 65: $GASO, M, $PLAT, PPLT, SCHB, SCHX
- Up against the 28: ORCL, $SPX
- Up against some falling trend line resistance: APD, CSX, GOLD, IVW
- Up against some rising trend line resistance: $GOLD, MET, NOBL
- Moderately overbought: AIG, BGS, CBRL, GIS, GPC, LIN, MAIN, MARA, MED, MMC
- Overbought: OMC, PFE
- Extremely overbought: LMT
- Toppy: FL, $HGX, KMI, NOBL, OMC, RGR, SDY
- ABEWISUF: BITW, GM, IBM, QRTEA, TUP
- 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