- Yi: +3.4
- A possible bottom here for: WFR
- Now trying to bottom out: SPWRA and SUN
- Average oversold now: PBY, RBS, SHI
- Moderately oversold: B, BAC, C, CAKE, GPC, HCBK, IRF, IWM, JASO, KBE, MOT, PBW, PLL, SHLD, UYG, WSO
- Attempting to hold the 65 DMA here: $WTIC, FXI, MSCC, OCR, PTR, RJZ, ROK, SKS, STX, SU, URE, USB
- Attempting to hold the 28 day: QLD, QQQQ, SSO
- Attempting to break above the 28 day: CHK, MEOH, OGE
- Attempting to break above the 65 day: SDTH
- Moderately overbought now: NST
- Toppy here: CLF and CNK
- Probable top here for: PGM
- 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.
Monday, November 30, 2009
T.A. update for the open, November 30, 2009.
Friday, November 27, 2009
T.A. update for the open, November 27, 2009.
- Yi: +4.65
- Now trying to bottom out: DELL and LEN
- Average oversold here: $VIX
- Moderately oversold: AA, COGO, ELN
- Attempting to hold the 65 DMA: HCBK
- Attempting to break above the 28 day: BBT
- Moderately overbought here: AVP, BGS, LOW
- Average overbought: GIS
- Extremely overbought: BMY
- Toppy here: MKC
- A break out in either direction is on the way for: CSCO, GG, IWM, JASO, LUFK
- More later. Anything posted here may be off base.
Wednesday, November 25, 2009
T.A. update for the open, November 25, 2009.
- Yi: +4.4
- Trying to bottom out in this area: RAIL, TLB, WFR
- Extremely oversold here: WFR
- Attempting to break above the 28 DMA: FUQI, KGC, NWL
- Attempting to break above the 65 day: AEM
- Moderately overbought now: LMT, QCOM, T
- Average overbought: MKC
- Extremely overbought: GLD and SEED
- Toppy here: BMY, NEM, PAYX, RGLD, SLW
- A possible top here for: KO
- A probable top here for: CSIQ
- Has gone parabolic: GLD
- A break out in either direction is on the way for: BAC, C, UYG
- Anything posted here may be off base.
Tuesday, November 24, 2009
T.A. update for the open, November 24, 2009.
- Yi: +4.5
- A possible bottom here for: RAIL
- Trying to bottom out in this area: WFR
- Attempting to hold the 65 DMA here: COGO, GF, WY
- Attempting to hold the 28 day: $HGX
- Attempting to break above the 65 day: BGS
- Moderately overbought now: LDK
- Average overbought at this level: KO and TKR
- A possible top here for: PGM
- A break out in either direction is on the way for: WFC and XLF
- Anything posted here may be off base.
Monday, November 23, 2009
T.A. update for the open, November 23, 2009.
- Yi: +3.8
- Now trying to bottom out in this area: CHK, CPSL, ENER, MMC, MTH, PBY, SPWRA, SUN
- Average oversold here: CHK, EWJ, TLB, WFR
- Now moderately oversold: $SOX, ACH, AMAT, B, DELL, EEFT, GA, JOSB, LEN, MTH, PTEN, SHI, USD, XOP
- Attempting to hold the 65 DMA here: ARM, AVAV, BA, CSCO, OCR, OGE, USB, VOD, WHR, XLU
- Attempting to hold the 28 day: AAPL, ACF, AVP, DVY, GE, IYY, QLD, T, WDC
- Attempting to break above the 28 day: $USD
- Toppy here: TSL
- A break out in either direction is on the way for: V
- Anything posted here may be off base.
Friday, November 20, 2009
T.A. update for the open, November 20, 2009.
- Yi: +4
- Trying to bottom out: $VIX
- Average oversold: PBY
- Moderately oversold: MMC and NTES
- Attempting to hold the 65 DMA here: MOT and PLL
- Attempting to hold the 28 day: CAT and PTR
- Attempting to break above the 28 day: ACAS, BPOP, KBE
- Attempting to break above the 65 day: ELN and LDK
- Average overbought now: NAT
- Toppy here: AXP, SLV, TKR
- Has gone "parabolic": TSL
- A break out in either direction is on the way for: BBT, SDTH, UYG
- Anything posted here may be off base.
Thursday, November 19, 2009
T.A. update for the open, November 19, 2009.
- Yi: +4.75
- Probable bottom here for: QID
- Average oversold now: SPWRA
- Moderately oversold: CHK and MFE
- Attempting to hold the 65 DMA: VFC
- Attempting to break above the 28 DMA: C and WFC
- Moderately overbought now: $CRB, $GASO, $SOX, CAKE, DELL, HCBK, IDA, LDK, SEED, SLV
- Average overbought: RGLD and ROK
- Extremely overbought: TSL
- Toppy here: $CRB, $IIX, $OEX, $PLAT, $SPX, AAPL, CREE, DVY, FCX, IYY, NEM, NM, OCR, PAYX, QLD, YGE
- A possible top in place for: $XAU, ABX, AVP, CLF, CSIQ, EGO, F, GDX, GLW, KO, SLW
- Probable top here for: DDM, GOOG, IBM
- Has gone parabolic: GOLD-weekly
- A break out in either direction is on the way for: B, CAT, CSL, UYG, XLF
- Anything posted here may be off base.
Tuesday, November 17, 2009
T.A. update for the open, November 18, 2009.
- Yi: +4.8
- Now trying to bottom out: MBI
- Average oversold here: SPWRA
- Moderately oversold: BAC
- Attempting to break above the 28 DMA: X
- Attempting to break above the 65 day: GMR, GPC, LPL, PBW, TAN
- Moderately overbought now: ASA, BA, IRF, IWM, RJA, RJZ, ROK, SLV, SSRI, SU, TIE, X, VOD
- Average overbought: $SPX, $XAU, AXP, DVY, F, FXI, IYY, MKC, NM, SSO, TKR, TOT
- Extremely overbought: DDM and NEM
- Toppy here: $DJX, AVP, BMY, CLF, CSIQ, GLD, GLW, MSCC, SHLD, SWK, WDC
- A possible top forming here for: $IIX, $OEX, GIS, PGM
- Has gone parabolic: $GOLD
- A break out in either direction is on the way for: ARM, MEOH, NWL
- Anything posted here may be off base.
T.A. update for the open, November 17, 2009.
- Yi: +4.8
- Trying to bottom out in this area: RAIL
- Attempting to break above the 25 DMA here: LDK
- Moderately overbought now: $BDI-weekly, AVAV, BPZ, LMT, NAT, TSL, URE, YGE
- Average overbought: BMY, CLF, CSIQ, FRO, SHLD
- Extremely overbought: GLD and PGM
- Toppy here: CTB, GIS, LOW, NST, QCOM
- Has gone parabolic: GLD and PGM
- Anything posted here may be off base.
Monday, November 16, 2009
T.A. update for the open, November 16, 2009.
- Yi: +4.25
- A possible bottom here for: ENER and SUN
- Trying to bottom out in this area: FSLR, PBY, RBS, TLB
- Moderately oversold now: CBK and EWJ
- Attempting to hold the 65 DMA here: B
- Attempting to hold the 28 day: $XEU, SLV, USB
- Moderately overbought now: FRO, MSCC, QCOM, SHLD, TSM
- Standard overbought: CTB
- A possible top here for: MKC
- Anything posted here may be off base.
Friday, November 13, 2009
T.A. update for the open, November 13, 2009.
- Yi: +4
- Trying to bottom out in this area: SDTH
- Attempting to hold the 28 DMA here: SHI
- Attempting to break above the 28 day: $SOX and WFC
- Attempting to break above the 65: $HGX, IRF, MSCC, NOK, TSM
- Moderately overbought now: LEN, LOW, NM, OCR, PLL
- Average overbought: STX
- Toppy here: CLF and NST
- A possible top here for: $GOLD, $IIX, $OEX, $SPX, $XAU, CAT, CNK, CREE, CTB, DDM, DVY, EGO, EWA, EWI, F, FCX, GG, GOOG, IBM, IFN, IYY, QLD, QQQQ, SLW, SSO, TKR, WDC
- A break out in either direction is on the way for: RJZ
- Anything posted here may be off base.
Thursday, November 12, 2009
T.A. update for the open, November 12, 2009.
- Yi: +4.5
- A possible bottom here for: $USD, $VIX, QID
- Now extremely oversold: MBI
- Moderately oversold: SDTH
- Attempting to hold the 65 DMA here: VOD
- Attempting to break above the 28 day: EXP, JOSB, MMC
- Attempting to break above the 65 day: BAC
- Moderately overbought now: $HGX, $SOX, AMAT, BMY, EWA, GIS, GLW, IDA, LUFK, OGE, USD
- Average overbought: CNK and WDC
- Toppy here: $IIX, $OEX, $SPX, $XAU, DDM, F, IBM, KO, PAYX, PEP, PG, SSO
- A possible top here for: $DJX, ABX, ACF, AXP, V
- A break out in either direction is on the way for: ACAS
- Anything posted here may be off base.
Wednesday, November 11, 2009
T.A. update for the open, November 11, 2009.
- Yi: +4.25
- Now trying to bottom out: $VIX, QID, RAIL, SUN, WATG
- Average oversold: $USD
- Moderately oversold: ENER and SUN
- Attempting to break above the 28 DMA here: AA, BAC, BPOP, EWI, GF, NOK, NWL, UYG, XLF
- Attempting to break above the 65 day: $SOX, AMAT, AVAV, CHK, CSL, EXP, GPC, NAT, SKS, USD, WFC, WSO
- Moderately overbought now: $IIX, $OEX, $SPX, $XAU, $XOI, AAPL, ASA, AVP, BA, CLF, CNK, CSIQ, CTB, DVY, F, FCX, IBM, IYY, KO, NST, NTES, PLL, QLD, QQQQ, SLW, SSO, STX, SYY, TKR, VFC, WY, XLU
- Average overbought: $DJX, CREE, DDM, EGO, FXI, MKC, PGM
- Toppy here: AAPL, ABX, GDX, GG, GOOG, PAYX, PEP, QLD, QQQQ, RGLD, SWK, V
- A possible top here for: NEM and PG
- A break out in either direction is on the way for SEED
- Anything posted here may be off base.
Tuesday, November 10, 2009
T.A. update for the open, November 10, 2009.
- Yi: +4.25
- A possible bottom here for: FSLR and GMR
- Attempting to hold the 65 DMA here: PHI
- Attempting to hold the 28 day: $CRB, RJA, RJI
- Attempting to break above the 28 day: IWM
- Attempting to break above the 65 day: CBK, LOW, NTES, OCR
- Moderately overbought now: CAT, ELN, IFN, LMT, PEP
- Average overbought: ACF, GDX, GG, RGLD
- Extremely overbought: $GOLD-weekly, ABX, PG, UGP, V
- Toppy here: TSL
- A possible top here for: GLD
- Anything posted here may be off base.
Sunday, November 8, 2009
T.A. update for the open, November 9, 2009.
- Yi: +3.15
- Now moderately oversold: $VIX and RAIL
- Attempting to hold the 65 DMA here: SUN
- Attempting to hold the 28 day: $GASO and UGA
- Attempting to break above the 28 day: $IIX, $OEX, $SPX, DELL, QLD, QQQQ, SKS, SSO, STX, T
- Attempting to break above the 65 day: AA, NWL, SHI, TIE, XLU
- Now moderately overbought: $DJX, CREE, GOOG, NM, PAYX, PTR, QCOM, ROK, SHI, TOT, WDC
- Average overbought: ABX, AXP, NEM, TSL
- Extremely overbought: RX
- Toppy here: EGO and UGP
- A break out in either direction is on the way for: URE
- Anything posted here may be off base.
Friday, November 6, 2009
T.A. update for the open, November 6, 2009.
- Yi: +3
- A possible bottom here for: WHR
- Moderately oversold now: BBT
- Attempting to break above the 28 DMA here: $HGX, B, IYY, NTES
- Attempting to break above the 65 day: LEN, SHI, SSRI
- Moderately overbought now: $WTIC, $XAU, ABX, FXI, GG, RJZ
- Standard overbought: UGP
- Toppy here: ABX, GLD, NEM, PGM
- Anything posted here may be off base.
Thursday, November 5, 2009
T.A. update for the open, November 5, 2009.
- Yi: +2
- Attempting to bottom out in this area: $SOX, COGO, USD
- Trying to break above the 28 day moving average: $XAU, OCR, SHI
- Trying to break above the 65 day: CSIQ and ENER
- Moderately overbought now: $PLAT, ABX, ASA, EGO, GDX, NEM, RGLD, RJA, SLV, SLW, TSL
- Standard overbought: $GOLD, GLD, PGM, SWK
- Toppy here: MOT and V
- A break out in either direction is on the way for: AXP and IBM
- Anything posted here may be off base.
Tuesday, November 3, 2009
T.A. update for the open, November 4, 2009.
- Yi: +2
- A possible bottom in for: LPL, SPWRA, TAN, WFR, WOR
- Now attempting to bottom out in this area: ACAS, BPOP, CHK, CPSL, GF, GLW, IRF, LDK, MSCC, MTH, NAT, NOK, PBY, SEED, SKS, SU, WSO
- Extremely oversold now: MBI
- Standard oversold: RBS
- Moderately oversold: EEFT, EWI, GLW, TLB, WFC, WSO, XLU
- Attempting to hold the 65 DMA here: PAYX, TLB, VOD, WATG
- Attempting to hold the 28 day: CNK
- Moderately overbought now: MOT and PGM
- Anything posted here may be off base.
T.A. update for the open, November 3, 2009.
- +1.75
- A possible bottom is in place for: COGO
- Trying to bottom out in this area are: $HGX, BAC, CSL, FSLR, GPC, HMY, IWM, IYY, JOSB, LEN, OCR, PBW, SDTH, X
- Extremely oversold now: LDK
- Standard oversold: $SOX, BAC, ENER, GLW, MSCC, MTH, SPWRA, TAN, USD, WOR
- Moderately oversold now: $NYA50R, $IIX, $OEX, $SPX, B, C, CAKE, DVY, GF, IFN, IRF, LUFK, MMC, PBY, QLD, QQQQ, SHLD, SSO, SU, UYG, XLF
- Attempting to hold the 65 DMA here: $DJX, DDM, FXI, MMC, PLL, PTEN, SSO, TLB, TOT, VOD, WATG, XOP
- Attempting to hold the 28 day: AAPL, GOOG, LUFK, SUN, USB
- Attempting to break above the 28 day: PTR
- Moderately overbought now: $VIX
- Anything posted here may be off base.