- Yi: -2
- Trying to bottom out in this area: $VIX and WATG
- Moderately oversold now: QID
- Trying to hold the 28 DMA here: $XAU, ASA, EGO, NEM
- Trying to break above the 28 DMA: $DJX, $OEX, BNI, CPSL, MBI, MFE, NWL, PG, SWK, TOT, URE, WOR, WY, X
- Trying to break above the 65 DMA: $HGX, CHK, CTB, ENER, PAYX, QQQQ, STX, UGA, WSO
- Moderately overbought now: $IIX, FCX, GLW, LPL, WDC
- Standard overbought: SUN
- Toppy here: IBM and OCR
- Anything posted 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.
Friday, January 30, 2009
T.A. update for the open, January 30, 2009.
Thursday, January 29, 2009
T.A. update for the open, January 29, 2009.
- Yi: -0.5
- Possible bottom here for: ARM
- Trying to bottom out in this area: NAT
- Moderately oversold: $VIX, $VXO, SPWRA
- Trying to hold the 28 DMA here: AEM
- Trying to hold the 65 DMA: $USD, AMAT, ENER
- Trying to break above the 28 DMA: $SPX, AXB, AXP, CBK, EWJ, IWM, IYY, PBW, TLB
- Trying to break above the 65 DMA here: DELL, FXI, KO, OGE, WFR
- Moderately overbought now: $SOX, AAPL, CSCO, IFN, MKC, OCR, TSM
- Standard overbought: COGO
- Anything posted here may be off base.
Wednesday, January 28, 2009
T.A. update for the open, January 28, 2009.
- Yi: -2
- Trying to bottom out in this area: CAT, MMC, NOK, PG
- Trying to break above the 28 DMA here: $XOI, BPZ, CAKE, CBK, MFE
- Trying to break above the 65 DMA: AMAT, GA, IFN, LEN, MTH
- Moderately overbought now: IDA
- Toppy here: CREE
- Anything posted here may be off base.
Tuesday, January 27, 2009
T.A. update for the open, January 27, 2009.
- Yi: -2.5
- Trying to bottom out in this area: AVP, GPC, MSCC
- Standard oversold: CAT
- Moderately oversold: B
- Trying to hold the 65 DMA here: ERIE
- Trying to break above the 28 DMA here: $SOX, BPZ, CHK, CLF, GTU, LEN, LUFK, MTH, PNRA, QQQQ
- Trying to break above the 65 DMA: $CRB, $WTIC, T, TOT, USD
- Moderately overbought now: $XAU, ASA, ERIC, GG, GOOG, IBM, KFT, PEG, SLW, SUN, TPX, VFC, WGW, XLU
- Standard overbought: $GOLD and $GOLD weekly, ABX, AEM, EGO, HMY
- Toppy here: GDX, GFI, GLD
- Anything posted here may be off base.
Monday, January 26, 2009
T.A. update for the open, January 26, 2009.
- Yi: -3
- Possible bottom in place here for: $CRB, ACF, MBI, PEP, PHI, PTEN, TLB, WATG, WHR
- Trying to bottom out in this area: AA, CHK, CLF, ENER, FCX, FXI, GM, IWM, IYY, PBY, PTR, SEED, SKS, WSO, X
- Extremely oversold now: JASO, LDK, USB
- Standard oversold: ACH, PBW, SWK, TAN, TSL
- Moderately oversold: EWJ, FRO, FXF, OGE
- Trying to hold the 28 DMA here: ANKS and GIS
- Trying to break above the 28 DMA: AAPL and ERIC
- Toppy here: AVAV
- Anything posted here may be off base.
Friday, January 23, 2009
T.A. update for the open, January 23, 2009.
- Yi: -3.5
- Trying to bottom out in this area: ACF, AMAT, ARM, AXB, AXP, CSL, EEFT, IFN, JASO, PTR, TIE, WFR
- Extremely oversold in this area: BPOP, GM, MMC, MSCC, NOK, SKS, STX, WATG
- Standard oversold: CBK, PTR, SPWRA
- Moderately oversold: EEFT, NAT, PHI, SWK, TSL
- Trying to hold the 28 DMA here: $VIX, BGF, UGA
- Trying to hold the 65 DMA: FSLR and SHI
- Trying to break above the 28 DMA: GA, GOOG, MFE, TSM
- Moderately overbought now: $GOLD, ABX, LMT
- Standard overbought: SSRI
- Anything posted here may be off base.
Thursday, January 22, 2009
T.A. update for the open, January 22, 2009.
- Yi: -3
- Trying to bottom out in this area: $SOX, $SPX, AIG, BAC, BBT, BNI, BPOP, BPZ, C, CSCO, CTB, KBE, LDK, LEN, LUFK, NWL, PHI
- Extremely oversold now: ARM, AXP, GE, PBY
- Standard oversold: AAPL, ACF, AXB, CSL, EEFT
- Moderately oversold now: $HGX, $XEU, ACH, CBK, CHK, CNK, FXI, GF, GM, GPC, IWM, KO, MTH
- Trying to hold the 28 DMA here: ACAS, CAKE, ELN, JOSB
- Trying to hold the 65 DMA: IDA
- Trying to break above the 28 DMA: $XAU , ASA, CEF, GDX, GFI
- Trying to break above the 65 DMA: MFE
- Moderately overbought now: $USD, CREE, GLD, RGLD, SLV
- Anything posted here may be off base.
Wednesday, January 21, 2009
T.A. update for the open, January 21, 2009.
- Yi: -4.5
- Trying to bottom out in this area: DELL
- Exremely oversold here: MBI and V
- Standard oversold: AVP, PTEN, TOT, TPX, WHR
- Moderately oversold now: GPC, PHI, TSM
- Trying to hold the 28 DMA: CREE, PGM, SHLD
- Trying to hold the 65 DMA here: BGF, ELN, FXF, IRF, NAT
- Trying to break above the 28 DMA: GG, HMY, NST
- Trying to break above the 65 DMA: $VIX
- Moderately overbought now: ABX, AEM, AVAV, KGC, NEM
- Anything posted here may be off base.
Monday, January 19, 2009
T.A. update for the open, January 20, 2009.
- Yi: -3
- Trying to bottom out in this area: $CRB, $DJW, $HGX, AAPL, ARM, BNI, DELL, DVY, GE, MBI, MEOH, MMC, MSCC, NTES, T, TLB, WHR
- Extremely oversold now: KBE, USB, UYG, WFC, XLF
- Standard oversold: ARM, BPOP, DVY, JASO
- Moderately oversold: ACF
- Trying to hold the 28 DMA here: $PLAT, FXF, MKC
- Trying to hold the 65 DMA: ACH, EEFT, ELN, NAT
- Anything posted here may be off base.
Friday, January 16, 2009
T.A. update for the open, January 16, 2009.
- Yi: -3.5
- Trying to bottom out here: $DJX, $OEX, AVP, CPSL, CSIQ, DDM, EWA, EWI, EWJ, GE, JASO, PG
- Extremely oversold: ARM, BAC, BBT, C
- Standard oversold: AA, BNI, GE, MSCC, PAYX, SKS, STX, TIE
- Moderately oversold now: $DJW, $DJX, $GOLD, $HGX, $SOX, $SPX, BA, CHK, CLF, CSCO, CSL, DELL, IFN, LEN, PTEN, TPX, XOP
- Trying to hold the 28 DMA here: ACAS, CNK, CREE, ELN, MOT, PLG, SSRI, SU
- Trying to hold the 65 DMA: $IIX, ASA, CBK, GLD, PLL
- Anything posted here may be off base.
Thursday, January 15, 2009
1/15/09 Late Day Update
- Trying to bottom out here: CTB, FXI, MSCC, NOK, PAYX, PBY, PTEN, SDTH, STX, TIE, URE, USD, UYG, WY
- Extremely oversold: NWL
- Standard oversold: KBE, MEOH, MMC, NTES, PG, T, XLF
- Moderately oversold: ERIC, GDX, GLD, GOOG, IWM, IYY, JASO, JNJ, KO, LDK, LOW, LUFK, MFE, MTH, NAT, OGE, PBW, QQQQ, SPWRA, TAN, TOT, V, WFR, WHR, WSO, X, XLU
- Trying to hold the 28 DMA: EEFT, FCX, FTO, IBM, IRF, JOSB, PEG, PGM, TSL, WDC, WGW
- Trying to hold the 65 DMA: EXP, GF, GFI, LPL, MCD, PTR, SHI, TKR
- Anything posted here may be off base.
T.A. update for the open, January 15, 2009.
- Yi: -3.5
- Trying to bottom out in this area: ACAS
- Moderately oversold now: $XAU, AA, AMAT
- Trying to hold the 28 DMA here: AEM & BPZ
- Trying to hold the 65 DMA: $XOI and CAKE
- Trying to break above the 28 DMA here: $VXO
- Trying to break above the 65 DMA: $BDI
- More later. Anything posted here may be off base.
Wednesday, January 14, 2009
T.A. update for the open, January 14, 2009.
- Yi: -2
- Trying to bottom out in this area: ARM, BPOP, C, CSCO, KBE, SKS, WATG
- Extremely oversold here: BAC
- Standard oversold: BBT, C, WFC
- Moderately oversold now: $DJX, $OEX, AAPL, AVP, AXP, CTB, DDM, DVY, EWA, EWI, FXI, GA, GTU, IFN, MEOH
- Trying to hold the 28 DMA here: $CRB, $GOLD, $HGX, $IIX, $SPX, $XAU, $XOI, AMAT, BA, BGF, CAKE, CBK, CPSL, EGO, ENER, FRO, FSLR, GDX, GF, GLW, GOOG, HMY, JASO, LDK, LUFK, SLW, SYY, WGW
- Trying to hold the 65 DMA: $XEU, ACF, ACH, AKNS, CAT, CEF, CLF, CREE, ERIC, ERIE, EWJ, FCX, GG, LMT, LOW, NST, PEG, PLL, PNRA, ROK, SLV, SU, SWK, UGP
- Trying to break above the 28 DMA: $VIX
- Trying to break above the 65 DMA: $USD & QID
- Moderately overbought now: KFT
- More later. Anything posted here may be off base.
Tuesday, January 13, 2009
T.A. update for the open, January 13, 2009.
- Yi: -2
- Standard oversold: WATG
- Moderately oversold: AXB, MCD, MKC
- Trying to hold the 28 DMA here: $SOX, AA, BMY, CHK, CSIQ, EWA, EWI, EWJ, FXF, KGC, LMT, LPL, OGE, PBW, SEED, STX, WHR
- Trying to hold the 65 DMA: B, BA, BPZ, GPC, GTU, LEN, V
- Trying to break above the 28 DMA: GIS and QID
- Trying to break above the 65 DMA: LDK
- Anything posted here may be off base.
Monday, January 12, 2009
T.A. update for the open, January 12, 2009.
- Yi: -0.5
- Trying to bottom out in this area: BBT and NTES
- Moderately oversold now: $WTIC, PEP, PG, VFC
- Trying to hold the 28 DMA here: $CRB, $GOLD, ACH, AMAT, ASA, CSL, IYY, LEN, LUFK, QCOM, QQQQ, ROK, SLV, SPWRA, TAN, XOP
- Trying to hold the 65 DMA: IBM, PHI, SYY, TPX, WSO
- Trying to break above the 28 DMA: $SPX
- Trying to break above the 65 DMA: CSIQ, DELL, ENER, GTU
- Moderately overbought now: AKNS and KFT
- Anything posted here may be off base.
Friday, January 9, 2009
T.A. update for the open, January 9, 2009.
- Yi: +0.5
- Moderately oversold now: BBT, GIS, USB
- Now trying to hold the 28 day moving average: $HGX, $OEX, $XAU, ABX, AVP, BMY, CAT, CSIQ, DDM, DVY, GDX, IFN, MFE, NAT, PTR, TSM, VFC
- Now trying to hold the 65 day moving average: $DJX, $GOLD, $SOX, $SPX, AA, CTB, FRO, GOOG, GPC, LMT, NOK, OGE, PBW, SPWRA, T, TSM, X
- Standard overbought: OGE
- Anything posted here may be off base.
Thursday, January 8, 2009
T.A. update for the open, January 8, 2009.
- Yi: +0.5
- Moderately oversold: NTES and WFC
- Trying to hold the 28 DMA here: CBK, EWJ, FXI, GFI, GLD, GPC, KGC, LMT, LOW, MEOH, MMC, NEM, NOK, NST, PLL, PNRA, RGLD, ROK, SHI, TIE, UGA, URE, WSO, X
- Trying to hold the 65 DMA: CBK, IYY, JASO, QCOM, QQQQ, TSM, VFC, WATG
- Now trying to break above the 65 DMA: ACAS, SHLD, T
- Now trying to break above the 28 DMA: ARM and GM
- Moderately overbought now: $DJW, ACAS, BGF, CREE, PGM
- Possible top here for: $NYA50R
- Toppy here: EEFT and ERIC
- Anything posted here may be off base.
Wednesday, January 7, 2009
T.A. update for the open, January 7, 2009.
- Yi: +1.5
- Now trying to hold the 28 DMA: $XEU, BMY, CBK, CEF, GG, WGW
- Now trying to break above the 28 DMA: $CRB, $USD, BPOP, MBI, MSCC
- Now trying to break above the 65 DMA: CNK, CPSL, CREE, LDK, SDTH, SEED, STX, WDC, WFR
- Moderately overbought now: $HGX , $SOX, $WTIC, $XOI, ACF, AMAT, BNI, BPZ, CSL, EWA, EXP, FCX, GLW, IBM, IRF, IWM, IYY, LEN, MTH, TPX, UGP, V
- Standard overbought: PLG
- Toppy here: CAKE
- Anything posted here may be off base.
Tuesday, January 6, 2009
T.A. update for the open, January 6, 2009.
- Yi: +2
- Possible bottom here for: $VIX
- Trying to bottom out in this area: $VXO
- Moderately oversold now: QID
- Trying to break above the 28 DMA here: AXP, DELL, KBE, LUFK, SEED, TSL, WDC
- Trying to break above the 65 DMA: AKNS, AMAT, CHK, CSCO, DVY, ENER, GE, IBM, PAYX, QQQQ, WHR, WOR
- Moderately overbought now: $DJX, $IIX, $PLAT, $SPX, AA, ACH, BA, CAT, CLF, EEFT, ERIC, FSLR, FXI, GPC, JASO, LPL, PEG, PHI, PLG, PNRA, PTEN, QCOM, ROK, SHI, TKR, TSM, WATG, WSO, XLU, XOP
- Toppy here: $NYA50R weekly chart.
- Anything posted here may be off base.
Monday, January 5, 2009
T.A. update for the open, January 5, 2009.
- Yi: +2.5
- Trying to break above the 28 DMA here: BAC. C, EXP, GIS, USB
- Trying to break above the 65 DMA: AVP, BNI, BPZ, CSL, DDM, EWA, FCX, FRO, GLW, GOOG, KFT, MEOH, MMC, MOT, PBW, SKS, SU, SYY, TAN, USD
- Moderately overbought now: B, CAKE, CTB, EWJ, IFN, PLL, SWK
- Anything posted here may be off base.
Friday, January 2, 2009
T.A. update for the open, January 2, 2009.
- Yi: +1
- Trying to bottom out in this area: ACAS, ARM, CPSL, DELL, WY
- Trying to hold the 28 DMA here: TLB
- Trying to break above the 28 DMA: $WTIC and UGA
- Trying to break above the 65 DMA: $DJX, $HGX, $IIX, $OEX, $SOX, $SPX, AA, CLF, IYY, JASO, NOK, PG, TPX, WFC
- Moderately overbought now: $XOI, CBK, EWJ, GF
- A bit toppy here: EGO and OCR
- Anything posted here may be off base.