- Yi: +13.27
- Trying to bottom out: WHR
- Extremely oversold: BBBY
- Average oversold: TAP
- Moderately oversold: ABX, AEM, AU, BGS, CEF, COH, $DJGSP, FXF, GDX, GG, PHI, $PLAT, SIVR, SLV, UGLD
- Trying to hold rising trend line support: CSIQ and HBI
- Attempting to hold the 65 DMA: BBGI
- Up against the 28 DMA: CAKE, TRV, $USD, UUP
- Up against falling trend line resistance: SNA
- Up against rising trend line resistance: CSCO
- Moderately overbought: AGX, CAR, CC, COF, IP, LMT, PYPL, PRU, T, TKR, UYG, $XAU, YUMC
- Average overbought: B, $DJTENG, SWK, WSO
- Toppy here: AA, AVAV, $DJW, EBAY, GF, $INDU, IYJ, ROK, SCHB, SCHX, $SPX, SWK, XLB
- A break out in either direction is on the way for: ALL, FB, $GASO, GILD, NAT, SIRI, UGA
- 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.
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