- Yi: +8.3
- Now trying to bottom out: PHI, SEED, WDC
- Extremely oversold: AKAM and ZSL
- Standard oversold: MED, PHI, STX
- Moderately oversold: EGPT, GOOG, IP, JASO, NFLX, PBY, PGM, QCLN, UUP, WDC, X
- Now trying to hold some rising trendline support: GE, IWM, IYY, MMC, PBW, SEE, WY
- Attempting to hold the 65 DMA here: FSLR, KBE, MMI, NFLX, PBW, SKS, SUN, V, WFC, WOR
- Attempting to hold the 28 day: ROK and WFR
- Up against rising trendline resistance: FRO
- Up against the 28 DMA here: VOD
- Up against falling trendline resistance: FXI
- Up against the 65 day: BMY, SCHE, YUII
- Moderately overbought now: AAPL, AMAT, B, DELL, DPS, EWI, EWJ, GDX, RJA
- Standard overbought: GG, GLD, OCR, RJI, RJZ, SLW, SU
- Extremely overbought: SLV and UGA
- Toppy here: CNK
- A possible top here for: EXP
- A break out in either direction is on the way for: NCR and SLE
- 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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