- Yi: +7.2, +7.6
- Now trying to bottom out: ATI, DM, EGPT, GG
- Oversold: CLF
- Moderately oversold: CDE and STX
- Attempting to hold the 65 DMA here: ACH, C, PTR, QID
- Up against the 28 day: AA, MBI, PHI, USB
- Up against the 65 day: IWM, KRFT, SCHD, SCHG, SCHV, SCHN, SCHX, SKS
- Up against some falling trendline resistance now: AXP, JCP, USB
- Moderately overbought now: COST, GLW, GPC, HSH, IP, JDSU, NCR, SFD, TSLA, VGK, WFR, XLY
- Overbought now: CNK, LOW, MED
- Toppy here: ARMH, CREE, LOW
- A break out in either direction is on the way for: SHI and SU
- 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.
Thursday, November 29, 2012
Late day update for November 29, 2012.
Tuesday, November 27, 2012
T.A. Opinions for November 27, 2012.
- Yi: +6.5, +6.75, +7.6, +7.4
- Trying to bottom out: FAZ
- Extremely oversold: DM
- Oversold: EGPT
- Attempting to hold the 65 DMA here: $USD and DUST
- Up against the 28 DMA here: $DJX, $NYA50R, $OEX, $SPX, XOI, AAPL, BMY, CAT, DDM, DVY, FCX, GE, GF, IWM, IYY
- Up against the 65 day: $DJW, A, DBB, KBE
- Up against some falling trendline resistance: HPQ
- Moderately overbought now: $GOLD, $HGX, $IIX, $SILVER, ACAS, AEM, CAKE, CSCO, CSL, DGP, EGO, EWJ, GPC
- Overbought: EEFT, FB, HOGS
- Toppy here: AGQ, ANF, BLL, EEFT
- A possible top here for: EXP
- There may be some more opinions added on here later. Anything posted here may be off base.
Monday, November 26, 2012
$SPX trying to break above the 28 DMA here.
The market's rally has been stalled out by the 28 day moving average here, so we are at a decision point.
Tuesday, November 20, 2012
Late day update for November 20, 2012.
- Yi: +6.65
- Now trying to bottom out: AMAT, AVAV, JCP
- Extremely oversold: CSIQ
- Oversold: $SOX
- Moderately oversold: $VIX, HMY, IBM, IDA
- Attempting to hold the 65 DMA here: $VXO
- Up against the 28 day: $HGX, $IIX, AAPL
- Up against the 65 day: CAKE
- Up against some falling trendline resistance: AXP and GE
- Toppy here: ARMH
- Anything posted here may be off base.
Monday, November 19, 2012
T.A. Opinions for E.O.D November 16, 2012.
- Yi: +5.2, +5, +5.3
- Now trying to bottom out: $HGX, $IIX, $OEX, $SPX, $XAU, $XOI, A, AA, AAPL, AAUKY, ABX, AVP, CAT, DDM, DM, DVY, GDX, GE, GLW, HPQ
- Oversold: $DJGSP, $DJW, $DJX, $NYA50R, $OEX, $SPX, $XAU, $XOI, AA, AAPL, AAUKY, ABX, AVAV, AVP, B, CDE, CHK, DDM, DM, GDX, GLW, HPQ
- Moderately oversold: $HGX, $IIX, A, ACH, AKAM, AU, AXP, BGS, BMY, CAT, CLF, DVY, EFV, GE, GG, GOOG, GPC
- Attempting to hold the 65 DMA here: AEM, CSL, EGO, FXI, GM
- Attempting to hold the 28 day: EEFT, EXP, F
- Moderately overbought now: DUST and FAZ
- A break out in either direction is on the way for: DBC, DBO, ELY
- Anything posted here may be off base.
Monday, November 12, 2012
T.A. Opinions & Signals for the close of November 12, 2012.
- Yi: +9.1, +8.8, +8.9, +8.9, +9.1, +9.5, +9.5, +9.25, +8.6, +8, +8.1, +7.85, +8.25, +8.9, +9.25, +9.1, +8.2, +8.3, +7.5, +7.3, +7.4, +8.1, +7.5, +7.65, +8.1, +6.8, +6.1, +6.2, +6.25
- Now trying to bottom out: $DJX, AVAV, FB, INTC
- Extremely oversold: JCP
- Oversold: $OEX, $SPX, AAPL, AVP, B, DDM, DM, GLW, INTC, MBI, PGH, QLD, QQQ, TSL
- Moderately oversold: $DJW, $NYA50R, $NYA50R-weekly, $PLAT, $XOI, AA, AAUKY, AMAT, ANF, AXP, BGS, BMY, CAT, CDE, CHK, CLF, COST, CSCO, DBB, DVY, EWJ, FB, GOOG, IP, IWM, IYY, KRFT, LMT, MOS, ONXX, PEG, PG, QCLN, SCHG, SNDK, USB, UYG, VBR, VOT, VOX, VZ, WFC, WFR, XLE, XLP, XOP
- Trying to hold some rising trendline support: FB, HOGS, PTEN
- Attempting to hold the 65 DMA here: ACAS, ACH, FCX, GF, GIS, HSH, IFN, JPM, MMC, RAIL, SCHC, SCHE, SU, WY
- Attempting to hold the 28 day: FXI, GM, GXC, LOW, SFD, SHI, ZSL
- Trying to hold falling trendline support: EFV
- Up against the 28 DMA here: $GOLD, $SILVER, DGP, GLD, IAU, SLV
- Up against the 65 day: AGQ, FAZ, JDSU, QCOM
- Moderately overbought now: AEM, BA, BLL, CREE, QID
- Overbought: CNK, CTB, MED, PBW
- A break out in either direction is on the way for: EGPT
- Anything posted here may be off base.