- Yi: -3
- Trying to bottom out in this area: $XEU, AKNS, CBK, CPSL, CSCO, CTB, DVY, KBE, MMC, NWL, PBW, PTEN, SKS, URE, UYG, XLF
- Extremely oversold now: ACAS, ARM, BPOP, NWL, PTEN
- Standard oversold: AA, ACF, CAT, DELL, GM, GPC, LOW, PG, ROK, WY
- Moderately oversold: $DJX, $HGX, $OEX, $SPX, AMAT, AXB, B, BBT, CSL, DDM, ERIE, EWA, EWI, EWJ, EXP, FROFXF, GF, IWM, IYY, PEP, PTR, SHLD, SU, SWK, TAN, TIE, USD, WFR, WOR, WSO, X
- Trying to hold the 28 DMA here: $IIX, AEM, ERIC, GIS, GLW, OCR, PEG, SLW, SUN, UGA
- Trying to hold the 65 DMA: $SOX, CAKE, FCX, LMT, MFE, MOT, PLL, PNRA, TPX, TSM, UGP
- Trying to break above the 28 DMA: $VXO, NST, NTES, PAYX, PHI, V
- Toppy here: $USD
- 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.
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