- Yi: +2
- Extremely oversold: QID
- Attempting to break above the 28 day moving average: FRO and SUN
- Attempting to break above the 65 DMA: $XOI, ACAS, AXP, BBT, C, DVY, GE, TIE, X
- Moderately overbought: AXB, BNI, CLF, ERIC, EWJ, IWM, IYY, NEOH, NOK, NST, PEP, QQQQ, RBS, SWK, T, TAN, TKR, WHR, WOR, WSO, WY
- Standard overbought: CREE, CSCO, CSIQ, EXP, FXI, IFN, SHLD, TLB, TPX, TSM, UGP, USD, VFC, WATG, WDC
- Extremely overbought: NTES
- Toppy here: CREE, CSIQ, EEFT, PHI, SHI
- A break out in either direction is on the way for: ERIE and WGW
- 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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