- Yi: -3.1
- Trying to bottom out: $COPPER, $DJW, $FXT, $GASO, $NDX, $SPX, $XOI, AAUKY, ACH, AMD, AXP, B, BLL, CAT, CHK, CNK, COH, COPX, CREE, CSIQ, CU, CVY, CWI, DB, DIS, DM, EFV, EROS, EWA, FB, FCX, FEU, FNDF, FXI, GXC, HPQ, JNUG, LEN, LPL, PEGI, PYPL, QCLN, QCOM
- Extremely oversold: ASA, CSL, GG, IP, JOY
- Oversold: $BPSPX, $HGX, $NYA50R, $PLAT, $SPX50R, JWN, MAT, MTH, NCR
- Moderately oversold: $UST30Y, AAPL, BA, BMY, CVS, F, GF, GOOG, JPM, MDLOX, MMC, PYPL
- Trying to hold the 65 DMA here: BGS, COST, MKC
- Trying to hold the 28 day: JCP and NAT
- A break out in either direction is on the way for: NFLX and OIL
- Anything posted here could 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.
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