- Yi: +6, +5.9
- Trying to bottom out now: PEG
- Standard oversold: $BDI-weekly, FAZ, ZSL
- Moderately oversold: ABX, GDX, GOOG, NUGT
- Attempting to hold the 65 DMA here: XLU
- Attempting to hold the 28 DMA here: $USD and B
- Up against the 65 DMA here: AGQ, DGP, SHLD, SKS
- Up against falling trendline resistance: CREE and DGP
- Moderately overbought now: $IIX, AVP, CREE, CTB, EWJ, HIT, HPQ, IRF, NCR, NTES, SCHH, SLE, SLV, TLB
- Standard overbought: $DJX, $NYA50R, $OEX, $SPX, DDM, HOGS, IWM, JPM, MSFT, PAYX, QLD, QQQ, ROK, SCHB, SCHM
- Toppy here: $GASO, $HGX, $OEX, $SPX, A, AMAT, ATI, AVP, BBT, CAKE, CSCO, DDM, GM, HOGS, IWM, NFLX, PAYX, PHI, QLD, QQQ, ROK, SCHB, SCHM, STX, WDC, WY
- A possible top here for: IP and IYY
- A break out in either direction is on the way for: COST and VFC
- Anything posted here may be off base, and there may be more signals later.
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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