- Yi: +3.54
- Now trying to bottom out in this area: ABX and AEM
- Extremely oversold: WDC
- Oversold: STX
- Moderately oversold: LEN, LOW, PBY, WSO
- Trying to hold some rising trendline support: ARM, CHK, FUQI, GOOG, MSCC, OGE, PAYX, PBW, PHI, QQQQ, V
- Attempting to hold the 65 DMA here: $WTIC and VFC
- Attempting to hold the 28 day: $HGX, MMC, X
- Now up against rising trendline resistance: GLW and IFN
- Up against falling trendline resistance: NEM
- Moderately overbought: AVP and TOT
- Overbought: TKR
- A break out in either direction is on the way for: FXI
- 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, July 30, 2010
T.A. update for the open, July 30, 2010.
Thursday, July 29, 2010
T.A. update for the open, July 29, 2010.
- Yi: +3.78
- Now trying to bottom out: $GOLD, $VIX, GDX, GLD, NEM, RGLD
- Oversold: ABX and AEM
- Moderately oversold: $XAU, OCR, SLV
- Trying to hold some rising trendline support: $CRB, AVAV, COGO, GMR, JOSB, RAIL
- Attempting to hold the 65 DMA here: CLF
- Up against the 28 day: PRBLX-weekly
- Up against falling trendline resistance: BBT
- Up against the 65 day: SKS, UYG, WFC
- Moderately overbought now: $DJX, AAPL, BGS, SSO, URE, XLU
- Overbought: NST
- Toppy here: $DJX, $NYA50R
- Anything posted here may be off base.
Wednesday, July 28, 2010
T.A. update for the open, July 28, 2010.
- Yi: +4.14
- Now trying to bottom out: QID
- Oversold: GDX and GLD
- Moderately oversold: CSL and NEM
- Now trying to hold falling trendline support: ABX
- Up against falling trendline resistance: PAYX
- Up against the 65 DMA here: $HGX, COST, GE
- Moderately overbought: $HGX, $IIX, $OEX, B, COST, EWI, KFT, MKC, OGE, PEP, PG, PLL, PRBLX, PTR
- Overbought: $NYA50R, HOGS, PEG
- Toppy here: $IIX, BA, CLF, DDM, DVY, EEFT, EWA, EWI, HOGS, KO, MBI, OGE, PTEN
- Anything posted here may be off base.
Tuesday, July 27, 2010
T.A. update for the open, July 27, 2010.
- Yi: +4.25
- Up against rising trendline resistance: $WTIC and IFN
- Up against falling trendline resistance: $CRB, BBT, ELY
- Up against the 65 day moving average: AA, AVAV, B, CSCO, DELL, ENER, FUQI, IRF, KBE, NOK, NWL, PBY
- Overbought: CAT and IDA
- Moderately overbought: $DJX, $SPX, $XOI, AMSC, BA, DM, FRO, IWM, IYY, JOSB, MBI, MMC, PBW
- Toppy here: AMSC, ARM, AXP, CAT, CTB, F, FRO, FSLR, FUQI, MBI
- Anything posted here may be off base.
Monday, July 26, 2010
T.A. update for the open, July 26, 2010.
- Yi: +3.55
- Moderately oversold: CAKE
- Up against rising trendline resistance: $GOLD and $WTIC
- Up against the 28 DMA here: $PLAT and CHK
- Up against the 65 day: $OEX, $XAU, $XOI, ACAS, EWJ
- Moderately overbought now: $CRB, $DJW, $GASO, $IIX, ARM, AVP, AXP, BA, BPZ, CLF, DDM, DVY, EWA, F, GLW, GOOG
- Overbought: CTB
- Anything posted here may be off base.
Friday, July 23, 2010
T.A. update for the open, July 23, 2010.
- Yi: +3.1
- Trying to bottom out in this area: $PLAT and BAC
- Extremely oversold: WDC
- Oversold: WHR
- Moderately oversold: WSO
- Attempting to hold the 28 DMA here: $GOLD-weekly and ACF
- Up against rising trendline resistance: CTB
- Up against the 28 DMA here: B, PAYX, SUN, XOP
- Up against falling trendline resistance: $USD, $XOI, ABX, AMAT, BGS, CNK, DELL, GDX, GIS, IRF, LEN, LMT, SPWRA
- Up against the 65 day: $DJX, BA, CLF, COGO, DDM, GOOG, NM, UGA, URE, USD, WFR
- Moderately overbought now: ACH, CREE, CSIQ, CTB, FCX, FRO, FXI, GF, HOGS, IFN, LDK, PTEN, QCOM, RJA, RJI, SU, TAN
- Overbought: KO and NTES
- A break out in either direction is on the way for: BPOP and EEFT
- Anything posted here may be off base.
Thursday, July 22, 2010
T.A. update for the open, July 22, 2010.
- Yi: +1.895
- Trying to bottom out in this area: BBT
- Moderately oversold: HCBK and PHI
- Trying to hold some rising trendline support: $VIX and LUFK
- Attempting to hold the 28 DMA here: EWI
- Up against rising trendline resistance: A and FSLR
- Up against the 28 DMA here: $HGX, DVY
- Now up against some falling trendline resistance: $XAU, ACAS, ASA, B, NAT
- Up against the 65 DMA here: $GASO, ARM, DM, EXP, QQQQ, RJZ, SWK, X
- Moderately overbought now: $WTIC, CAT, KO, MEOH, WY
- A bit toppy here: MOT and TSL
- A break out in either direction is on the way for: EEFT
- Anything posted here may be off base.
Wednesday, July 21, 2010
T.A. update for the open, July 21, 2010.
- Yi: +2.545
- A possible bottom here for: BAC
- Now trying to bottom out: $BDI-weekly, $GOLD, A, CBK, ELN, KGC, LMT, RGLD
- Oversold: LPL
- Moderately oversold: $PLAT, GIS, GLW, IRF, KBE, MFE, PBY, SKS, SLV, SLW, SSRI, TOT, WDC, WHR, XLU
- Attempting to hold the 65 DMA here: BMY, CAKE, QID
- Attempting to hold the 28 day: AVP, PG, T, VOD
- Up against rising trendline resistance: CAT, NTES, TSM
- Up against the 28 DMA here: FUQI and GE
- Up against some falling trendline resistance today: $SPX, AA, AEM, BA, CNK, CSL, DDM, EGO, ELY, FXI, GDX, GG, GLD, IWM, IYY, JOSB, KFT, LOW, MTH, SDTH, SEED, SSO, SU, SUN, TLB, URE, VFC
- Up against the 65 DMA here: ACH, AMSC, CREE, DVY, EWA, F, GOOG, MBI, OCR, PBW, RBS, WOR
- Moderately overbought: FSLR, GPC, HOGS, NST, PEP, TSL, WY, YUII
- Overbought: MOT
- A break out in either direction is on the way for: DELL
- Anything posted here may be off base.
Tuesday, July 20, 2010
T.A. update for the open, July 20, 2010.
- Yi: +1.945
- Trying to bottom out in this area: $USD, AEM, CNK
- Oversold: AEM and BAC
- Moderately oversold: $GOLD, $HGX, $XAU, AA, ABX, AMSC, ASA, B, BA, BBT, CAKE, CBZ, CHK, CNK, COST, CSL, EGO, ELN, ELY, ENER, EWJ, GDX, GE
- Trying to hold some rising trendline support: AVAV, COGO, DM
- Attempting to hold the 28 DMA: $DJX, $IIX, ACF, AXP, DVY
- Trying to hold falling trendline support: A
- Up against the 65 DMA: $VIX
- Anything posted here may be off base.
Monday, July 19, 2010
T.A. update for the open, July 19, 2010.
- Yi: +1.315
- A possible bottom here for: $BDI
- Moderately oversold: AAPL
- Trying to hold rising trendline support: $GOLD, ASA, CHK
- Anything posted here may be off base.
Friday, July 16, 2010
T.A. update for the open, July 16, 2010.
- Yi: +2.916
- Now trying to bottom out: BPZ and SDTH
- Trying to hold some rising trendline support here: FXI
- Attempting to hold the 65 DMA: ABX and QID
- Attempting to hold the 28 day: SUN
- Trying to hold falling trendline support: RGLD
- Now up against falling trendline resistance: $CRB, KFT, NM, SEED
- Up against the 65 DMA here: $DJW, AVAV, AVP, MSCC, PRBLX, QCOM, SLV, YUII
- Moderately overbought now: $SPX, AVAV, AVP, EEFT, PG, PLL, QCOM, SSO, STX, T, TIE, TOT, WY
- Toppy here: $IIX and VOD
- A break out in either direction is on the way for: CLF, MEOH, RJZ
- Anything posted here may be off base.
Thursday, July 15, 2010
T.A. update for the open, July 15, 2010.
- Yi: +2.85
- A possible bottom here for: $VIX
- Trying to hold some rising trendline support: AAPL
- Trying to hold falling trendline support: $USD
- Up against the 28 DMA here: $DJW, B, FUQI
- Up against some falling trendline resistance: $GASO, $SPX, AVP, DM
- Up against the 65 day: $CRB, $DJX, $NYA50R, ACF, AMSC, ARM, CAKE, COGO, CREE, CSCO, CSIQ, DDM, EWA, F
- Moderately overbought now: $IIX, $OEX, $XOI, ACF, BAC, C, CREE, CSCO, CSIQ, CTB, DDM, DELL, F
- Toppy here: AXP and EWI
- Anything posted here may be off base.
Wednesday, July 14, 2010
T.A. update for the open, July 14, 2010.
- Yi: +2.9
- Extremely oversold now: BPZ
- Oversold: $BDI-weekly
- Trying to hold some rising trendline support: BMY
- Up against the 28 DMA here: IWM
- Up against falling trendline resistance: $OEX, $WTIC, AA, ACAS, CBK, DDM, DVY, ELY, IBM, LOW
- Up against the 65 DMA here: $WTIC, $XAU, GG, GLW, GOOG, KBE, KFT, MBI
- Moderately overbought now: AXP, CAKE, CAT, FXI, GOOG, GPC, HOGS, IBM, IFN, IYY, KO, MBI
- Toppy here: IDA
- More later, time permitting. Anything posted here may be off base.
Tuesday, July 13, 2010
T.A. update for the open, July 13, 2010.
- Yi: +2.1
- Moderately overbought: $DJX
- Up against the 28 DMA here: $HGX
- Up against the 65 day: $NYA50R ansd DVY
- More later, time permitting. Anything posted here may be off base.
Monday, July 12, 2010
T.A. update for the open, July 12, 2010.
- Yi: +2
- Now trying to bottom out: $VIX
- Up against rising trendline resistance: NEM
- Up against the 28 DMA here: $IIX, $OEX, AAPL
- Up against the 65 day: $CRB, $XAU, C, DVY, GPC, KO, PBW
- Up against falling trendline resistance: $CRB, $HGX, CLF, COST, EWA, EXP, FUQI, GLW, HOGS, PRBLX
- Moderately overbought now: C, CAT, DDM, GF, IDA, LUFK, PTR
- Toppy here: FSLR
- Anything posted here may be off base.
Friday, July 9, 2010
T.A. update for the open, July 9, 2010.
- Yi: +1.69
- Now trying to bottom out in this area: BPZ and ELY
- Moderately oversold here: $VIX, GG, QID, TOT
- Attempting to hold some rising trendline support: GG
- Attempting to hold the 65 DMA here: EGO
- Up against the 28 DMA: ACF, FCX, GE, ROK, SSO, UYG, WFC, XLF
- Up against falling trendline resistance: $DJX, $NYA50R, AVP, BBT, CREE, CSCO, IFN, IRF, NEM, PBW, PBY, RJI, ROK, SHLD, WY
- Up against the 65 DMA here: PEP, PG, PHI, RBS, SPWRA, SU, TAN, TOT, TSL
- Moderately overbought now: BMY, EWI, JASO, NST, OGE, PEG, PEP, SPWRA, TAN, TSL, VOD, XLU, YGE
- Toppy here: PEG and TSM
- A break out in either direction is on the way for: SHI
- Anything posted here may be off base.
Thursday, July 8, 2010
T.A. update for the open, July 8, 2010.
- Yi: +1.2
- A possible bottom here for: $HGX and A
- Now attempting to bottom out in this area: AEM, BPOP, COST, GG, RGLD, SKS
- Oversold: SSRI
- Moderately oversold now: $USD, PRBLX, SLV
- Attempting to hold the 65 DMA here: SLW
- Up against the 28 DMA here: MBI and MFE
- Up against some falling trendline resistance here: AAPL, ACF, ACH, AMAT, BAC, CREE, CSCO, CSIQ, DELL, EXP, GMR, IRF, LOW, LPL, MEOH, PGM, RAIL, RBS, RJI, SEED, TLB
- Up against the 65 DMA here: EWI, GIS, IFN, MKC, MMC, OGE, PHI
- Moderately overbought: FSLR, NTES, PEG, PHI, PTEN, RJA, TSM
- A break out in either direction is on the way for: PTR and SHI
- Anything posted here may be off base.
Wednesday, July 7, 2010
T.A. update for the open, July 7, 2010.
- Yi: -0.5
- A possible bottom here for: $NYA50R, $XOI, GOOG
- Trying to bottom out in this area: $WTIC, ACAS, CBZ, GDX
- Oversold: AEM and BPOP
- Moderately oversold: ASA and GG
- Now trying to hold on to some rising trendline support: $GOLD-weekly, $XAU, ABX
- Attempting to hold falling trendline support: CLF
- Now up against some falling trendline resistance: AA, AVAV, CNK, CSL, LPL
- Up against the 65 DMA here: GF and JASO
- Anything posted here may be off base.
Tuesday, July 6, 2010
T.A. update for July 6, 2010.
- Yi: -0.76
- A possible bottom here for: CLF
- Now attempting to bottom out in this area: $DJW, $HGX, $IIX, $OEX, $PLAT, $USD, $XOI, ACH, AMAT, ARM, CAKE, CHK, COGO, CSL, DDM, DELL, DM, FCX, FUQI, GOOG, IRF, LPL, QCOM, QLD, QQQQ, RBS, SCHB, SSO, SU, TKR
- Extremely oversold: AA and SDTH
- Oversold: CNK and SSO
- Moderately oversold: ACAS, C, CAT, COGO, GDX, UGA
- Now trying to hold some rising trendline support: SHI
- Attempting to hold the 65 DMA here: $GOLD
- Now trying to hold falling trendline support: $OEX, $SPX, AA, CBZ
- Up against falling trendline resistance: CBK, FRO, FXI, LMT, MTH
- Up against the 65 DMA here: RJA
- Moderately overbought: TSL
- Anything posted here may be off base.
Friday, July 2, 2010
T.A. update for the open, July 2, 2010.
- Yi: -0.51
- Trying to bottom out in this area: $NYA50R, $SPX, ACF, AMSC, AVP, B, BA, BBT, CLF, CNK, COST, EWA, EWI, F, FRO, FSLR, FXI, HCBK, KGC, KO, LDK, LMT, LOW, LUFK, MBI, MEOH, MFE, MOT, MTH, NM, PHI
- Extremely oversold now: $HGX, CNK, CSIQ, ELY
- Oversold: $DJW, $XOI, A, AA, ACAS, ACH, AMAT, AMSC, BAC, BBT, COST, CREE, IYY, KGC, KO, LUFK
- Moderately oversold: $WTIC, $XAU, AAPL, AEM, AXP, CSL, EWI, KFT, PTR
- Now trying to hold some rising trendline support: $HGX, AEM, GDX, GLD, GPC, NEM
- Attempting to hold the 65 DMA here: $USD and ABX
- Attempting to hold the 28 day: MMC
- Now trying to hold falling trendline support: $DJX, BAC, CSCO, HCBK, IWM, IRF
- Up against falling trendline resistance: ELN
- Up against the 65 DMA here: NTES
- Toppy here: QID
- Anything posted here may be off base.
Thursday, July 1, 2010
T.A. update for the open, July 1, 2010.
- Yi: -0.34
- Trying to bottom out here: DELL, EWJ, F, JOSB, NOK, PBW
- Now oversold: $DJX, $IIX, $NYA50R, $OEX, $SPX, B, CAKE, CHK, CLF, CSCO, DDM, FCX, FRO, GLW, GOOG, HCBK, IRF, LDK, LMT, LPL, OCR
- Moderately oversold: $CRB, $GASO, $PLAT, ARM, AVP, BA, CAT, CBZ, DM, FSLR, FXI, GIS, HOGS, IBM, MKC, MOT, NAT
- Now trying to hold some rising trendline support: AAPL and ARM
- Now trying to hold falling trendline support: $DJW-weekly chart, $IIX, A, BPZ, KBE
- Attempting to hold the 28 DMA here: GF
- Up against the 28 DMA here: $USD
- Moderately overbought now: $VIX
- Anything posted here may be off base.