- Yi: +2.55
- Now trying to bottom out: ZSL
- Moderately oversold: QID
- Attempting to hold the 65 DMA here: FAZ
- Up against the 28 DMA here: $DJX, ATI, BLL, CAT, DDM, EWI, FCX, GE, GF, IWM, NCR, NFLX, PAYX, ROK, STX, UYG, XLF, XOP
- Up against the 34 DMA here: IYY
- Up against some falling trendline resistance: ACH, GM, XOP
- Now up against the 65 day: ARMH, AVAV, CREE, DPS, EWA, HOGS, IDA, IP, MBI, MED, MMC, OCR, PBY, QLD, RJI, SHI, SNDK, SUN, WFC, WSO
- Up against the 90 day: CSCO
- Moderately overbought now: $CRB, $DJSP, $XAU, EEFT, EGO, GDX, GG, GIS, GLD, GPC, KFT, MSFT, NOK, NTES, NUGT, PG, PGM, PHI, RJA, SFD, SLV, SLW, UGA, V, VFC, XLU
- A break out in ether direction is on the way for: LOW
- Anything posted here may be off base, and there may be some more signals before the close of regular market hours.
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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