- Yi: +8.88
- Now attempting to bottom out: $USD, ABX, DGP, GLD, GMR
- Standard oversold: AVP, ENER, IFN
- Moderately oversold: CAKE, CSL, DELL, F, KFT, MBI
- Trying to hold some rising trendline support: AXP, BMY, ELN, IWM, IYY, LMT, NTES, OCR
- Attempting to hold the 65 DMA here: AXP, CSIQ, DM, EWA, GOOG, MSFT
- Attempting to hold the 28 day: EWJ and NCR
- Up against some falling trendline resistance here: BAC, FAZ, FRO
- Standard overbought: NFLX
- Moderately overbought: GPC and JCP
- Extremely overbought: AMAT
- Toppy here: $DJW-weekly, $XOI, GLW, MMC
- A possible top here for: GE and GF
- A break out in either direction is on the way for: HOGS and NOK
- 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, January 31, 2011
T.A. update for the open, January 31, 2011.
Friday, January 28, 2011
T.A. update for the open, January 28, 2011.
- Yi: +10
- Trying to bottom out here: FAZ
- Standard oversold: DGP
- Moderately oversold: GIS
- Now attempting to hold some rising trendline support: $WTIC and BGS
- Up against rising trendline resistance: BPZ and CAT
- Now up against the 28 DMA: DPS
- Standard overbought: BLL
- Moderately overbought: ARM and BMY
- A possible top here for: DDM, DVY, EWI
- A probable top here for the: $OEX and GF
- A break out in either direction is on the way for: A
- Anything posted here may be off base.
Thursday, January 27, 2011
Late day update, January 27, 2011.
- Yi: +10
- Moderately oversold: $WTIC, AKAM, BAC, JASO
- Trying to hold some rising trendline support: BBT, ELY, SPWRA
- Attempting to hold the 65 DMA now: $WTIC, CSL, MBI
- Up against some falling trendline resistance: $XAU, ASA, DM, GG, RJI, SLW, TSLA
- Moderately overbought now: EEFT, ELN, PTRN, SEE, VZ, WOR, X
- Standard overbought: ATI, GLW, SUN
- Extremely overbought: ROK
- Toppy: WY
- Anything posted here may be off base.
Wednesday, January 26, 2011
T.A. update for the open, January 26, 2011.
- Yi: +9.81
- Now trying to bottom out: $USD, AEM, AGQ, AQA.TO, DGP
- Standard oversold: $GOLD, ABX, ASA
- Moderately oversold: $IIX
- Now trying to hold some rising trendline support: $CRB
- Attempting to hold the 28 DMA now: $GOLD-weekly and AXP
- Up against rising trendline resistance: ATI
- Up against falling trendline resistance: EWA
- Moderately overbought: CSCO
- Standard overbought: CBZ
- Extremely overbought: $DJX
- Toppy here: CBZ
- Anything posted here may be off base.
Tuesday, January 25, 2011
T.A. update for the open, January 25, 2011.
- Yi: +9.79
- Now attempting to bottom out: AMSC, ASA, NAT, UUP
- Standard oversold: $XAU, GG, GMR
- Moderately oversold now: CNK, DPS, FRO, GLD, HOGS
- Trying to hold some rising trendline support: AAPL, PTR, SLE
- Attempting to hold the 65 DMA here: B
- Attempting to hold the 28 day: $IIX
- Now trying to hold falling trendline support: FRO
- Up against the 65 day: $WTIC and JCP
- Moderately overbought now: BBT, EWI, NTES, PEG, WSO, YGE
- Standard overbought: FSLR, PAYX, RJA, TSL
- Extremely overbought: WY
- Toppy here: HPQ, PG, RJA
- Going parabolic: WY
- A break out in either direction is on the way for: MSFT, OCR, PHI, SKS
- Anything posted here may be off base.
Monday, January 24, 2011
T.A. update for the open, January 24, 2011.
- Yi: +9.43
- Now trying to bottom out: $XAU, CREE, EGO, ENER, GDX, GG, GLD, GMR, HCBK, MED
- Moderately oversold: AAPL, AMSC, CLF, CTB, DELL, DGP, FCX, FXI, NAT, STX, UUP, WDC
- Trying to hold some rising trendline support: ACAS, BGS, DVY, GPC, LEN, MSFT, NCR, NFLX, SLV, SLW, USB
- Attempting to hold the 65 DMA here: $IIX, DM, EEFT, GOOG, NFLX, SKS
- Attempting to hold the 28 day: CAT, EWJ, HOGS, WFR
- Now trying to hold some falling trendline support: IFN and STX
- Up against some falling trendline resistance here: BMY and SU
- Up against the 65 DMA here: ZSL
- Moderately overbought: CBZ, DZZ, PBY
- Standard overbought: BBT, GE, RJA, WY
- Toppy here: LMT
- A possible top here for: HPQ
- Anything posted here may be off base.
Friday, January 21, 2011
T.A. update for the open, January 21, 2011.
- Yi: +9.29
- Standard oversold: $XAU, AEM, CREE, EGO, ENER, GDX, HCBK, TSLA
- Moderately oversold: AGQ, AMSC, GLD, SLW, V, WSO, XLU
- Now trying to hold some rising trendline support: $DJW, AA, BGS, GLW, HOGS, IRF, QLD, RJZ
- Attempting to hold the 65 DMA here: B, CTB, ELY, EWA, FCX, NFLX, RJZ, SCHC, SLV, X, YUII
- Attempting to hold the 28 day: $IIX, A, AAPL, BLL, GE, IP, MMC, PEP, UGA, XOP
- Now trying to hold some falling trendline support: ASA
- Up against falling trendline resistance: FUQI, PHI, QID
- Up against the 65 day: $VIX and PHI
- Moderately overbought: ACH, GIS, ROK
- Standard overbought: $DJW-weekly and PG
- Extremely overbought: LMT
- Toppy: MMI and PRBLX-weekly
- A possible top here for: $PLAT
- Anything posted here may be off base.
Thursday, January 20, 2011
T.A. update for the open, January 20, 2011.
- Yi: +9.38
- Now trying to hold falling trendline support: $BDI-weekly
- Toppy here: $DJX, $PLAT, $XOI
- A possible top here for: $DJW, $IIX, $OEX, $SPX
- Anything posted here may be off base.
Wednesday, January 19, 2011
T.A. update for the open, January 19, 2011.
- Yi: +10
- A probable bottom here for: QID
- Now trying to bottom out: ABX and AQA.TO
- Standard oversold: FUQI
- Moderately oversold: $XAU, ABX, AVP
- Now trying to hold some rising trendline support: DELL, F, NAT
- Attempting to hold the 65 DMA here: AGQ, CTB, KFT
- Attempting to hold the 28 day: AAPL
- Up against rising trendline resistance: $OEX, $SPX, BBT, DDM, HIT
- Up against falling trendline resistance: HOGS and PTEN
- Up against the 65 day: CSCO and NTES
- Moderately overbought: ACAS, AKAM, AVAV, AXP, BBT, CAT, CSIQ, DVY, EWI, IDA, MMC, NFLX, PG, SU, SUN, TAN
- Overbought: $OEX, $SPX, ATI, BA, DDM, FSLR, GF, GOOG, LMT
- Extremely overbought: $XOI, AMAT, MMI
- Toppy here: HPQ, IRF, IYY, PTR, SCHC
- A possible top here for: CLF
- A probable top here for QLD
- Anything posted here may be off base.
Tuesday, January 18, 2011
T.A. update for the open, January 18, 2011.
- Yi: +10
- Trying to bottom out in this area: $USD
- Attempting to hold the 65 DMA: $USD
- Standard overbought: $IIX and $PLAT
- Extremely overbought: $HGX
- Toppy here: $DJW
- Anything posted here may be off base.
Tuesday, January 11, 2011
T.A. update for January 11, 2011.
- Yi: +9.78
- Now attempting to bottom out in this area: AMSC, ASA, GG, IFN, PTEN, SLW
- Extremely oversold: TLB
- Moderately oversold: $XAU, EWI, FUQI, MED, PHI
- Attempting to hold the 65 DMA here: NOK and SCHE
- Attempting to hold the 28 day: $GOLD, CAT, DVY, GF, MMC, ROK
- Up against falling trendline resistance: AEM
- Up against the 65 DMA here: JASO and TAN
- Moderately overbought: FSLR, SKS, TSL
- Overbought: SHI and SLE
- Extremely overbought now: AAPL and WY
- Toppy here: CBZ, F, LMT
- A break out in either direction is on the way for: CNK and WDC
- Anything posted here may be off base.
Monday, January 10, 2011
T.A. update for the open, January 10, 2011.
- Yi: +9.88
- A possible bottom here for: FAZ
- Trying to bottom out in this area: EGO
- Standard oversold now: AEM
- Moderately oversold: $GOLD, DGP, EGO, IFN, JCP, PTEN, SLW, VFC
- Trying to hold some rising trendline support: $XAU, CLF, SUN
- Attempting to hold the 65 DMA here: AQA.TO, KFT, MED, OCR
- Attempting to hold the 28 day: ATI, BMY, RJA
- Trying to hold falling trendline support: TLB
- Up against rising trendline resistance: $IIX
- Up against the 28 DMA here: WFR
- Up against the 65 day: DZZ and TSL
- Moderately overbought now: $USD, BLL, CBZ, GOOG, LMT, V, VOD
- Standard overbought: ELN, F, HPQ
- Toppy here: $DJW-weekly, $DJX, BLL, DDM, GE, LEN, QLD, RAIL
- Anything posted here may be off base.
Friday, January 7, 2011
T.A. update for the open, January 7, 2011.
- Yi: +10
- Standard oversold: $BDI-weekly
- Moderately oversold: ABX, ASA, GG
- Now trying to hold some rising trendline support: $PLAT, ATI, PEG, PHI
- Attempting to hold the 65 DMA here: $GOLD, $XAU, DGP, EWA, NFLX, STX
- Up against rising trendline resistance: $HGX, HIT, MSFT
- Up against falling trendline resistance now: SKS
- Up against the 65 DMA here: CSCO and FSLR
- Moderately overbought now: $IIX, $NYA50R-weekly, AXP, BA, BBT, EEFT, F, LMT, PEP
- Standard overbought: AAPL, CTB, HCBK, MSFT, NCR, PAYX, QLD
- Extremely overbought: SHI
- Toppy here: $DJW, $XOI, $OEX, AA, AVAV, BAC, C, CLF, CTB, GF, RAIL, SNDK
- Anything posted here may be off base.
Wednesday, January 5, 2011
T.A. update for the open, January 5, 2011.
- Yi: +10
- Extremely oversold: $BDI
- Moderately oversold: AEM, DPS, GDX
- Trying to hold some rising trendline support: CSL, DGP, IRF, RJZ, SLW, USB, XOP
- Attempting to hold the 65 DMA here: ASA, GLD, JCP, NFLX, PBY, PGM, PTEN, SLW, VFC, WDC
- Attempting to hold the 28 DMA here: AGQ, AQA.TO, B, HOGS, MED
- Up against horizontal trendline resistance: BLL
- Up against rising trendline resistance: SCHB
- Up against the 28 DMA here: CNK and WFR
- Up against the 65 day: AVP, BA, DZZ, FRO, FXI, PHI
- Moderately overbought now: $NYA50R, EEFT, HPQ, MBI, NOK, PBW, PTR, SUN
- Standard overbought: $DJX, $OEX, $SPX, $XOI, AVAV, BAC, DDM, GF, MMI, RAIL, ROK, WY
- Extremely overbought: AA, CLF, UYG
- A bit toppy here: EWJ, GPC, HIT, IP, KBE, LEN, SWK
- A probable top here for: $HGX
- A break out in either direction is on the way for: DM, DVY, KFT, TSL
- Anything posted here may be off base.
Tuesday, January 4, 2011
T.A. update for the open, January 4, 2011.
- Yi: +10
- Trying to hold some rising trendline support: $CRB and A
- Attempting to hold the 65 DMA here: $USD and CAKE
- Attempting to hold the 28 day: BLL
- Now up against rising trendline resistance: $GASO, $WTIC, CLF
- Moderately overbought: $GOLD, $XAU, ABX, AGQ, ASA, C
- Standard overbought: $DJW
- A bit toppy here: $XAU, ABX, AGQ
- Anything posted here may be off base.