- YI: +1.5
- Standard oversold: GFI
- Trying to hold some rising trend line support: OKE
- Trying to break above some falling trend line resistance: ABX, AMTD, AVP, BAC, BGF, EWI, FRO, FXC, KEY, MFE, MRVL, NYB, the OEX index, PAYX, PDS, RGLD, RT, TASR, WIRE, and XMSR
- Attempting to break above the 28 DMA: ADP, ARM, C, CSTR, EWA, EWD, the IIX index, MOT, PTR, SEE, SHI, SNDK, T2118, TTH, and WPL
- Up against rising trend line resistance: BHP, KO, MTD, NWL, and NX
- Moderately overbought now: AAUK, ACH, AIG, CAKE, CAT, CMI, the DJ-30, DVY, ELY, ENER, FCX, GPC, HON, IRF, IWM, JWN, MDC, MER, OXY, QLGC, QQQQ, RIO, RMBS, RNR, ROK, RYL, the SP-500, TKR, TOL, TSM, the VXO, WB, WHR, and the XOI index.
- Standard overbought: CLF, EXP, HIT, and NSC
- Extremely overbought: AAPL
- Possible top here for: IFN
- Toppy here: EEFT, ELN, and IYM
- A break out in either direction is on the way for: PHG
- Anything here could 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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