- Yi: +13.41
- MAT and SNAP are possibly forming a bottom here.
- AAPL, DF, DPS and IRBT are attempting to bottom out.
- HA is at the average oversold level.
- AMZN, DB, FB, $FXT, JNJ, LPL, NOK and TSLA are moderately oversold.
- CC, PYPL, $SUGAR and TSM are trying to hold rising trend line support.
- CC and EWI are attempting to hold the 65 DMA.
- NFLX is attempting to hold the 28 DMA.
- JWN, PTEN and WY are up against falling trend line resistance.
- LOW is up against rising trend line resistance.
- CREE, CSL, COF, CSCO, DNB, F, HD, HPE, HSNI, MDY, PAYX, QVCA and T are moderately overbought.
- AMTD, IJH and TROW are toppy here.
- $CRB, CSIQ, NCR and PPG are setting up to break out either up or down.
- 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.
No comments:
Post a Comment