- Yi: +6.35, +6.2
- A possible bottom here for: IFN, NOK, PBW, PHI, PTR, QCLN, SEE, SHI, UGA, X, XOP
- Now trying to bottom out: $NYA50R-weekly, $PLAT, ANF, GF, PG, PGM, RJA, SCHC, SCHE
- Extremely oversold: $CRB, $WTIC, DELL, PHI
- Moderately oversold: CREE
- Attempting to hold the 65 DMA here: DUST and PEG
- Attempting to hold the 28 day: PRBLX-weekly
- Up against the 28 day: CHK, CTB, SLW
- Up against the 65 day: $HGX, AAPL, AU, MMC, SLE
- Up against some falling trendline resistance: $HGX, A, AAPL, EEFT, EGPT, F, LOW, RJI, SNDK, XLF
- Moderately overbought now: $DJGSP, AEM, AU, CAKE, CSL, LEN, ONXX
- Average overbought: $USD
- Toppy here: ONXX and UUP
- Anything posted here may be off base and there may be more signals before the market closes.
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.
Tuesday, May 29, 2012
T.A. Opinions for May 29, 2012.
Thursday, May 24, 2012
Tuesday, May 22, 2012
T.A. Opinions for May 22, 2012.
- Yi: +5.9
- Trying to bottom out: $DJW, $GASO, $NYA50R, $OEX, $WTIC, SEE, SHI, SU, UYG
- Extremely oversold: SHI and SNDK
- Average oversold: SEE and SU
- Moderately oversold: $DJW-weekly, $IIX, UYG
- Now trying to hold some rising trendline support: $VIX
- Up against the 28 DMA here: RJA
- Up against some falling trendline resistance: $DJGSP, $XAU, SCHB, SCHC, SWK
- Anything posted here may be off base, and there may be more opinions later.
Monday, May 21, 2012
T.A. Opinions for May 21, 2012.
- Yi: +5.5, +5
- A possible bottom here for: CHK
- Now trying to bottom out: $PLAT, $XOI, AA, AAPL, ACH, AVAV, B, CLF, CREE, CSCO, CSL, CTB, DELL, DM, EEFT, ELY, EWI, EXP, F, FXI, IFN, IRF, IWM, IYY, LMT, PTR
- Extremely oversold: $WTIC, ATI, CLF, DM, FCX, PGH
- Average oversold: $DJX, $GASO, $NYA50R, AKAM, ANF, AVP, DELL, EWA, F, FXI, HPQ, IRF, LMT, MBI, MOS, NFLX, PBW, PTR, QCLN, QCOM, QLD, RAIL
- Moderately oversold: $HGX, A, ACAS, AXP, BLL, COST, CREE, CSL, CTB, DDM, DVY, EEFT, EXP, GF, GLW, GPC, IDA, INTC, IP, IWM, IYY, KBE, MMC, MSFT, NCR, OCR, QQQ
- Trying to hold some rising trendline support: LEN
- Attempting to hold the 65 DMA here: CAKE, KFT, LEN
- Attempting to hold the 28 day: CNK and DPS
- Up against some falling trendline resistance: ABX and GG
- Moderately overbought: AEM, FAZ, QID
- Average overbought: $VIX
- Toppy here: $USD
- A break out in either direction is on the way for: ELN
- Anything posted here may be off base, and there may be more opinions later.
Thursday, May 17, 2012
T.A. Opinions for the open of May 17, 2012.
Yi: +7, +6.6, +6.35
A possible bottom here for: DGP
Trying to bottom out: $CRB, AU, AUQ, C, EGO, EWJ, FCX, GDX
Extremely oversold: $DJGSP, $SILVER, $XAU, $XOI, AGQ
Average oversold: $CRB, $GOLD, $OEX, ACH, ANF, ATI, C, EWI, FCX
Moderately oversold: $DJX, AAPL, AEM, AVP, EEFT, EGPT
Trying to hold falling trendline support: $GOLD-weekly.
Moderately overbought: $VIX
Anything posted here may be off base, and there may be some more opinions later today.
A possible bottom here for: DGP
Trying to bottom out: $CRB, AU, AUQ, C, EGO, EWJ, FCX, GDX
Extremely oversold: $DJGSP, $SILVER, $XAU, $XOI, AGQ
Average oversold: $CRB, $GOLD, $OEX, ACH, ANF, ATI, C, EWI, FCX
Moderately oversold: $DJX, AAPL, AEM, AVP, EEFT, EGPT
Trying to hold falling trendline support: $GOLD-weekly.
Moderately overbought: $VIX
Anything posted here may be off base, and there may be some more opinions later today.
Monday, May 14, 2012
T.A. Opinions for the open of May 14, 2012.
- Yi: +8.15, +7.7, +7.85, +7.65
- Now trying to bottom out: $CRB, CAT, VFC, ZNGA
- Extremely oversold: CHK and WFR
- Average oversold: $IIX, $PLAT, $SILVER, CSCO, ELY, JPM, LMT, PGM, PHI, RJA, SFD
- Moderately oversold: $OEX, ATI, SWK, VFC, XLF
- Trying to hold some rising trendline support: CTB
- Trying to hold falling trendline support: $GOLD, $XOI, QCLN
- Attempting to hold the 65 DMA here: BMY, DVY, NTES, SLE, WFC
- Up against the 65 DMA here: ELN
- Up against some falling trendline resistance: MED
- Moderately overbought now: $USD and DPS
- Average overbought: ZSL
- A bit toppy here: PEG and VZ
- A break out in either direction is on the way for: EGPT
- Anything posted here may be off base.
Tuesday, May 8, 2012
T.A. for the open, May 8, 2012.
- Yi: +8.4
- A probable bottom here for: NOK
- Now trying to bottom out: $DJGSP, $PLAT, ABX, BGS, COST, IDA
- Extremely oversold: GG
- Average oversold: $CRB, $PLAT, $WTIC, PTEN, SEE
- Moderately oversold: $DJW, $NYA50R, $SPX, $XOI, A, AA, B, BGS, C, LMT, NAT, PAYX, QCOM, RJA, RJI, SFD, WDC, X
- Trying to hold some rising trendline support: $SPX, BBT, PTR, USB
- Attempting to hold the 65 DMA here: AAPL, AVP, DVY, XLF
- Attempting to hold the 28 day: ONXX
- Trying to hold falling trendline support: $IIX, $SILVER, PBW
- Up against the 65 day: TSL
- Up against some falling trendline resistance: $USD and $VIX
- Moderately overbought now: $VIX
- Going parabolic: DUST
- Anything posted here may be off base.
Monday, May 7, 2012
TA Signals and Opinions for the open of May 7, 2012.
- Yi: +9.8, +9.3, +8.3
- Now trying to bottom out: AU, EWI, FCX, GDX, GG, NUGT
- Extremely oversold: $XAU, ABX, DM, NFLX, NUGT
- Average oversold: $DJGSP, $SILVER, AGQ, CHK, CLF, DM, DELL, EWJ, F, IFN, IRF
- Moderately oversold: $GASO, $WTIC, DGP, EGO, ELN, ELY, FXI, GIS, GM, GOOG, IDA, IP, IWM, JCP, MBI, NAT
- Trying to hold some rising trendline support: $GOLD, EEFT, GE, GLD, MOS
- Attempting to hold the 65 DMA here: BLL, DDM, JPM, KBE
- Attempting to hold the 28 day: DVY and EGPT
- Trying to hold falling trendline support: $PLAT and GPC
- Up against the 65 DMA here: A and FAZ
- Up against some falling trendline resistance: AVP
- Moderately overbought: CREE
- Average overbought: CNK
- Toppy here: $HGX, ANF, AXP, CNK, EEFT, EXP
- A possible top here for: $DJW
- Anything posted here may be off base, and there may be some more signals later.
Wednesday, May 2, 2012
TA Signals for the open of May 2, 2012.
- Yi: +10
- Extremely oversold: NOK
- Average oversold: GG and NFLX
- Moderately oversold: ARMH, CLF, F, GM, PG, UGA
- Now trying to hold some rising trendline support: ACH
- Attempting to hold the 28 DMA here: PEP
- Up against the 28 day: CHK, SEE, UYG, XLF
- Up against the 65 day: CSCO, FXI, IDA, SCHC, SHLD, SU, TSL, X, XOP
- Up against some falling trendline resistance: $CRB, $SILVER, IFN
- Moderately overbought now: $SPX, AUQ, CNK, DPS, EXP, GPC, LEN, NCR, NTES, PEG, PTR, QQQ, SCHH, SHI, SLE, XLU
- Average overbought: SCHM, STX, VZ, ZNGA
- Anything posted here may be off base.
Tuesday, May 1, 2012
Late day update, May 1, 2012.
- Yi: +9.75
- Moderately oversold: $USD, AKAM, CAT
- Attempting to hold the 65 DMA here: AVP
- Up against the 28 day: ASA
- Up against the 65 day: $DJW
- Moderately overbought now: $BDI, $HGX, $IIX, $NYA50R, BBT
- Standard overbought: ACAS, AEM, CAKE
- Anything posted here may be off base.