- Yi: +9.115
- A possible bottom here for: $USD
- Now trying to bottom out: UUP
- Extremely oversold: $USD
- Oversold: $VIX, DZZ, FAZ
- Moderately oversold: $BDI and PHI
- Ttrying to hold rising trendline support: KFT
- Attempting to hold the 65 DMA here: AVAV, GIS, KFT
- Now up against rising trendline resistance: ARM, $IIX, DDM, EWA
- Up against falling trendline resistance: HCBK
- Up against the 65 day: BAC, CREE, NAT, TLB
- Moderately overbought now: $GOLD, $HGX, BPZ, CAT, COST, CSCO, CSIQ, CTB, DPS, DVY, IDA, JASO, KBE, KGC, LMT, MSCC, NM, TSL, XLF
- Overbought: $DJX, $PLAT, $WTIC, $XAU, $XOI, AA, AMAT, AXP, CLF, CNK. DDM, DGP, EWA, F, FCX, FXI, GG, GLD, IFN, IP, IWM, IYY, RJI, TKR, UYG, WFC, WOR, WSO, X
- Extremely overbought: $CRB, $OEX, $SPX, HOGS, IRF, SKS, WDC
- A break out in either direction is on the way for: VFC
- Toppy here: DM, LUFK, OCR, PG, T
- Anything posted here may be off base.
Monday, November 8, 2010
T.A. update for the open, November 8, 2010.
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2 comments:
Market seems to be really overbought. I wish you would also monitor AGQ which had a spectacular runup but it would be nice to know when it is overbought.
OK, that is no problem for an old friend who go's back to our early 1990s days on Prodigy! :)
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