- Trying to bottom out: PBY
- Standard oversold: RT
- Moderately oversold: JOSB
- Trying to hold some rising trend line support: ERF, NLY, and TZOO
- Trying to hold falling trend line support: SPC and YHOO
- Attempting to hold the 28 DMA: F and TXU
- Trying to break above some falling trend line resistance: EWI, INTU, JPM, JWN, LMT, MMC, NVLS, PG, PXD, RYL, SLE, SYY, and TSS
- Attempting to break above the 28 DMA: GIS, KEY, MER, NST, WB, and XLF
- Up against rising trend line resistance: EON, EWQ, GLW, GR, IWM, LYO, NSM, and PHI
- Moderately overbought: GFI, MRK, MTD, QCOM, RGLD, SGP, and SVU
- Standard overbought: EWP, GE, GG, IFN, JNJ, the OEX index, REDF, SFY, the S&P-500, SUN, and the XAU index.
- Extremely overbought: FXB, HPQ, KEP, PCU, QQQQ, SNDK, and TCK
- Toppy: NOK, TKR, and WDC
- Going parabolic: FCX
- Anything here could be more or less 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.
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