- YI: +2.5
- Possible bottom here for: CBK
- Moderately oversold now: CPB, the dollar, and PTEN
- Trying to hold some rising trend line support: AMZN, ARM, ELN, GLW, HIT, PRAA, and QCOM
- Trying to hold falling trend line support: EWJ
- Attempting to hold the 28 DMA here: AMD, EEFT, and the VXO
- Trying to break above some falling trend line resistance: ALC, CAKE, CORS, CSTR, GFI, JNJ, KEP, KGC, MDC, MDT, MFE, SBUX, STP, SUN, TZOO, and the YI.
- Attempting to break above the 28 DMA here: BGF, EOG, MMC, NFI, PDS, PNRA, SNE, and the XNG index.
- Up against rising trend line resistance: APPB, GOOG, and RIO
- Moderately overbought now: ABX, GYMB, LMT, the OEX index, and SFY
- Standard overbought: AEM, BA, BHI, EWD, EXP, HPQ, IWM, MCRS, MSCC, and UGP
- Possible top here for: OXY and PDE
- Toppy: AAPL, CLF, COP, CREE, and JNPR
- A break out in either direction is on the way for: C and STMP
- Anything here 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.
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