- Yi: +4
- Extremely oversold: SHLD
- Standard oversold: FAZ and SUN
- Moderately oversold: PEG, QID, TSLA
- Now trying to hold some rising trendline support: $USD, KFT, SCHH, XLU
- Attempting to hold the 65 DMA here: DUST and SNDK
- Attempting to hold the 28 DMA here: $USD, SLE, VZ
- Up against the 28 DMA now: NCR, SLW, WFR
- Up against the 65 DMA now: GF, MED, NFLX, RJA, SCHC
- Moderately overbought: $CRB, $GASO, A, AXP, CAKE, COST, CSL, IDA, IP, IWM, IYY, JCP, JPM, KBE, KFT, LEN, MSFT, PAYX, PGH, PTEN, QCOM, SCHB, SU, SWK, UGA, VIS, VOD, X, XOP
- Up against some falling trendline resistance: EGPT, FCX, HIT, IFN, MED, PBW, PGM, SLW
- Standard overbought: DVY, ELN, EXP, GE, LOW, MBI, PEP, PG, PHI, PTR, WFC
- Toppy here: DVY, ELN, LOW
- A break out in ether direction is on the way for: TSL
- Anything posted here may be off base, and there may be some more signals later added to this post in alphabetical order.
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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