- Yi: +0.92
- A possible bottom here for: STX
- Trying to bottom out in this area: $PLAT, GOOG, HPQ, LEN, PGM, SEE, SKS, SNA, TIE, USD, UYG, V, WFC
- Extremely oversold: HPQ and SPWRA
- Standard oversold: $GASO, AMSC, CBK, DM, ENER, FRO, SKS, SNA, USD, WFC, XLF, XOP
- Moderately oversold here: $DJX, $HGX, $OEX, $XOI, AAPL, BPZ, C, DDM, F, IBM, NAT, PBW, PLL, PRBLX, PTEN, PTR, QLD, QQQQ, RBS, SCHG, SEE, SEED, SSO, SU, SWK, TAN, TOT, TSM, YGE, YUII
- Trying to hold some rising trendline support: $IIX, $NYA50R, A, MMC
- Attempting to hold the 65 DMA here: $CRB, ABX, CAT, FCX, GF, GPC, MOT, OGE, PTR, SLE, SUN, WY
- Trying to hold falling trendline support: AMAT, AVAV, BPOP, CAKE, MEOH, MSCC, WHR
- Up against falling trendline resistance: $VIX
- Up against the 65 day: GIS
- Moderately overbought now: $BDI, HOGS, QID
- Toppy here: HOGS
- 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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