- Yi: +15.91
- FXF, GDX, JNUG and NUGT are possibly forming a bottom.
- $DJGSP, IAU, O and PETX are attempting to bottom out.
- JCP and QID are extremely oversold.
- CVS is at the average oversold level.
- BMY, BIDU, CIEN, CTB, FCX, GT and MMC are moderately oversold.
- C, CPER and FEU are trying to hold rising trend line support.
- AA, AFL, FLR, MGA and MRVL are attempting to hold the 28 DMA.
- PTEN is up against the 28 DMA.
- JO is up against the 65 DMA.
- CANE is up against falling trend line resistance.
- CAKE, BRKS, CVGRW, DBC and MCHP are up against rising trend line resistance.
- AAPL, $CRB, DBO, FB, $GASO and GDDY are moderately overbought.
- DE, FSLR, INTC and QLD are overbought.
- AXP, CALM and COF are getting toppy.
- $HGX is possibly forming a top in this area.
- Anything posted 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.
Tuesday, October 31, 2017
MU 10-31-2017.
Monday, October 30, 2017
Morning Update 10-30-2017.
- Yi: +16.22
- CANE, NAT and XON are possibly forming a bottom in this area.
- ABX, CAFE, HSY, IRBT, JNUG, NDAQ, NOK, T and $XAU are attempting to bottom out.
- GE is extremely oversold.
- ASA, CLF, CVS, $DJGSP, FXF, HA, JNUG and MAT are at the average oversold level.
- AGQ, CL, GILD, $GOLD, GDX, HSY, I, NEM, RGLD and SCHH are moderately oversold.
- GS, LMT, MU, RGR and TGS are trying to hold rising trend line support.
- CEF, DNKN, FNDF and STMP are attempting to hold the 28 DMA.
- AEM, AHH, FL, SPWR and WYN are up against the 28 DMA.
- SGG is up against falling trend line resistance.
- DBO, RS and V are up against rising trend line resistance.
- ANF, CAL, CALM, COW, DUST, DYN, HD, $NYA50R, PETX, TILE, $USD and WSO are moderately overbought.
- AMZN, AXP, COF, GOOG, INTC, MSFT and Q are at the average overbought level.
- APD, PPG and PYPL are getting toppy.
- FLR is setting up to break out up or down.
- Anything posted here may be off base.
Friday, October 27, 2017
Morning Update 10-27-2017.
- Yi: +15.58
- FL is possibly forming a bottom in this area.
- CMG, GPC, NCR and WHR are trying to bottom out.
- IRBT and MBI are extremely oversold.
- ABX and NOK are at the average oversold level.
- DPS, JNPR, T and TSLA are moderately oversold.
- BABA, $DJW, MAIN, MRVL and VOT are trying to hold rising trend line support.
- CG, $DJW and VOT are attempting to hold the 65 DMA.
- BA, BB, CWI, MAIN, QCLN and $XOI are attempting to hold the 28 DMA.
- WOR is up against the 28 DMA.
- DYN, PAG and WFC are moderately overbought.
- AET and APD are at the average overbought level.
- Anything posted here may be off base.
Thursday, October 26, 2017
MU October 26, 2017.
- Yi: +15.51
- Trying to bottom out in this area: GFI, HRL, KMB, PG
- Moderately oversold: AMTD, PEP, SCHH, VOX
- Trying to hold the 28 DMA: IWM
- Up against the 65 DMA: CVS
- Up against rising trend line resistance: A, AXP, $CRB, IYG
- Moderately overbought: CSCO, $GASO, GDDY, GLW, LEN, PRU, SHAK
- Overbought: CSL, DE, JPM
- Getting toppy here: HMC, IYJ, VFC
- A possible top forming here for: $HGX, $INDU, INTC, MTH, ROK, SCHD, SMH, TROW
- A break out in either direction is setting up for: AAPL and DAL
- Anything posted here may be off base.
Wednesday, October 25, 2017
MU 10-25-2017
- Yi: +15.8
- S is trying to bottom out in this area.
- NAT, P and WHR are oversold.
- AMZN, BBGI, CLF, PEGI and PG are now moderately oversold.
- VGK is attempting to hold the 28 DMA.
- ANF and JCP are up against the 28 DMA.
- STX is moderately overbought.
- TGT, TKR and VFC are overbought now.
- SWK is extremely overbought.
- HPQ, JNJ, MAIN, TRV and TXN are getting toppy here.
- MMM has gone parabolic!
- LL and MKC are setting up to break out up or down.
- Anything posted here may be off base.
Tuesday, October 24, 2017
Morning Update October 24, 2017.
- Yi: +15.65
- AEM and SPWR are trying to bottom out at this level.
- ABX, ASA, CL, EROS, NDAQ and PPLT are moderately oversold.
- LOW is attempting to hold the 28 DMA.
- M, PFF and QVCA are up against falling trend line resistance.
- BA, CSL and SHAK are up against rising trend line resistance.
- AET, CVS, COF, CSCO, DFS, DRI, IDA, KSS, MAIN, MSFT, MS, PRG, PPC, SNA, TGT and VFC are moderately overbought.
- BAC, $HGX, IR, MMM, Q and PPG are overbought.
- $INDU is extremely overbought now.
- EWA, IBM, SCHB, SCHX, $SPX, VOT and XLK are getting toppy here.
- DLPH is setting up to break out up or down.
- Anything posted here may be off base.
Sunday, October 22, 2017
Weekend Update October 22, 2017.
- Yi: +15.97
- BBBY is possibly forming a bottom here.
- COH is trying to bottom out.
- KMB and NCR are oversold.
- GEF, HPE, HRL, NDAQ, PEGI, PG, and PTEN are moderately oversold.
- AVAV, MED and SNAP are trying to hold rising trend line support.
- AAPL is attempting to hold the 65 DMA here.
- AA, ATI, RSX and XLE are attempting to hold the 28 DMA.
- TAP is up against the 28 DMA.
- ALL, CTB, DRI, GLW, JACK and QVCA are up against falling trend line resistance.
- DFS, MMC, MCHP and TPX are up against rising trend line resistance.
- AIG, CAKE, GPC, IDA, SHAK and USB are moderately overbought.
- HMC is getting toppy here.
- $INDU has gone parabolic!
- BABA and POT are setting up to break poy either up or down.
- Anything posted here may be off base of course due to market conditions and or human error.
Friday, October 20, 2017
Morning Update October 20, 2017.
- Yi: +15.42
- GE is possibly forming a bottom.
- CHK is attempting to bottom out.
- CNK, GEF, VOX are moderately oversold.
- FLR, LMT, $SILVER, XLNX are attempting to hold the 65 DMA.
- DWDP, TWTR, Z are attempting to hold the 28 DMA.
- AET is up against the 28 DMA.
- EQIX, SNA are moderately overbought.
- CREE, FAST, IBM are overbought.
- TSM is getting a bit toppy here.
- RGLD and SGG are setting up to break out up or down.
- Anything posted here may be off base.
Thursday, October 19, 2017
MU 10-19-2017
- Yi: +15.38
- M and MTSI are trying to bottom out.
- AEM and HBI are moderately oversold.
- IYJ is trying to hold rising trend line support.
- MOS and SBUX are attempting to hold the 28 DMA.
- HSNI is up against the 28 DMA.
- CAKE and DRI are up against the 65 DMA.
- HA is up against falling trend line resistance.
- JPM and MS are up against rising trend line resistance.
- CSX, HSY, JNJ are overbought.
- AMAT is extremely overbought.
- AMZN, BRKS, MED, NOW, QLD are getting toppy here.
- $NDX and ROK are possibly forming a top.
- NCR is setting to break out up or down.
- Anything posted here may be off base.
Wednesday, October 18, 2017
MU 10-18-2017
- Yi: +15.39
- $VIX is trying to bottom out.
- MTSI is extremely oversold.
- JWN and M are oversold.
- ABX and CAR are moderately oversold.
- NTES is up against falling trend line resistance.
- NVDA is up against rising trend line resistance.
- BMY, HD, IBM, MGA, QCOM are trying to hold the 28 DMA.
- CVY and PPLT are trying to hold the 65 DMA.
- AAPL, AIG, COPX, SMG, TRV, $WTIC, WY are moderately overbought.
- AMAT, BIDU, CAT, CPER, $COPPER, NFLX, $NYA50R, ROK are overbought.
- CC, CAT, CW, DNB, FXI, GM, MED, XLB, WYN, XLNX are getting toppy.
- CG, FSLR, GBTC, GT are setting up to break out up or down.
- Anything posted may or may not be off base.
Tuesday, October 17, 2017
MU 10-17-2017
- Yi: +15.34
- Possible bottom here for: GE
- Trying to bottom out: BBBY, DIS, LPL
- Oversold: CVS
- Moderately oversold: AET
- Attempting to hold the 28 DMA: AMTD and F
- Up against the 28 DMA: AVP, DBP, $GOLD, IAU
- Up against falling trend line resistance: NTES
- Up against rising trend line resistance: $CRB
- Moderately overbought: CL, HPQ, JJN
- Overbought: DNB and MCD
- Toppy: A, APD, AXP, BA, CAT, CEF, CW, LMT
- Possible top here for: MDC and MTH
- Anything posted may be off base.
Monday, October 16, 2017
Morning Update October 16, 2017.
- Yi: +15.19
- Possible bottom here for: WEAT
- Trying to bottom out: AVP and JNPR
- Extremely oversold: MBI
- Oversold: JCP and LPL
- Moderately oversold: ANF, DIS, KSS, T
- Trying to hold rising trend line support: PAG
- Attempting to hold the 65 DMA: COF, DFS, JPM, PTEN
- Attempting to hold the 28 DMA: C, CSL, EBAY, NCR, $USD
- Up against the 28 DMA: GBTC, PEP, TAP
- Up against falling trend line resistance: CSIQ and UGA
- Up against rising trend line resistance: CEF, NOW, SMG
- Moderately overbought: A, AFL, AMZN, APD, $COPPER, CPER, EQIX, HSY, IDA, SNAP, TGT, WU
- Overbought: CAT, CAR, I, MSFT, PYPL, SCHD, SWK, TROW
- Toppy: BMY, CAR, GOOG, LMT, MET, MTH, PEG, V
- A break out either way on the way: CG, FSLR, IP
- Anything posted may be off base.
Friday, October 13, 2017
Morning Update October 13, 2017.
- Yi: +15.13
- Trying to bottom out: CENX, CIEN, CORN, GE
- Oversold: SHLD
- Moderately oversold: BBY, JWN, MCD
- Trying to hold rising trend line support: MAN
- Attempting to hold the 65 DMA: AGX, DM, GBTC, SYY, UUP
- Attempting to hold the 28 DMA: GLW, MAIN, RGR
- Up against the 65 DMA: IAU
- Up against rising trend line resistance: $DJW
- Moderately overbought: JNJ, KO, YUM
- Overbought: TSM, V
- Toppy: AMAT, BABA, AXP, GM, HMC, $INDU, MGA, SMH, TXN, XLK
- A break out in either direction is in the cards for: DF, $GASO, ORCL
- Anything posted may be off base.
Thursday, October 12, 2017
MU 10-12-2017
- Yi: +15.3
- Attempting to bottom out: SPWR and WOR
- Oversold: S
- Moderately oversold: AET, CENX, CHK, GFI, QVCA, SYMC
- Attempting to hold rising trend line support: DLPH
- Attempting to hold the 65 DMA: AA, CSL, RYE, WSO
- Attempting to hold the 28 DMA: CNK, PETX, WHR, XRX
- Up against the 28 DMA: AGQ and SLV
- Up against the 65 DMA: PPLT and UGLD
- Up against falling trend line resistance: CANE, DBC, GT, HSY
- Up against rising trend line resistance: CWI, FNDF, MED, SBUX
- Moderately overbought: IBM, NVDA, QCOM, SFTBY, TKR, USB
- Overbought: BIDU and WYN
- Toppy: MU and PAYX
- A break out either way is on the way for: GPC, HAS, MAT, MMC, MTSI, PPC
- Anything posted here may be off base.
Wednesday, October 11, 2017
MU 10-11-2017
- Yi: +15.09
- Attempting to bottom out: CVS, HBI, KMB
- Moderately oversold: CLF, GE, HSNI, JWN
- Trying to hold rising trend line support: GLW
- Attempting to hold the 65 DMA: IP
- Attempting to hold the 28 DMA: DUST and MOS
- Up against the 28 DMA: AAPL, $DJGSP, EQIX, JJN
- Up against the 65 DMA: CTB and IAU
- Up against falling trend line resistance: COH and GLDI
- Up against rising trend line resistance: BABA
- Moderately overbought: CEF and MSFT
- Overbought: $FTSE
- Toppy: A, COF, CSCO, CVGRX, CW, DWDP, GOOG, HPQ, INTC, ITW, LMT, NOW
- A break out in either direction for: EROS
- Anything posted may be off base.
Tuesday, October 10, 2017
MU 10-10-2017
- Yi: +14.94
- Attempting to bottom out: MBI and PPLT
- Oversold: S
- Moderately oversold: O and PFF
- Attempting to hold the 28 DMA: HAS and NAT
- Up against the 28 DMA: DRI
- Up against falling trend line resistance: SFTBY
- Moderately overbought: AMZN, BBY, DNKN, EGPT, FB, HPQ, MCD, MSI, NOW, NTES, PEG, TRV
- Overbought: CW, GOOG, HD, LMT, MS
- Extremely overbought: GM
- Toppy: ALL, AXP, CC, $HGX, IJH, MTH, PAYX, SCHW
- Anything posted here could be off base.
Sunday, October 8, 2017
WU October 8, 2017.
- Yi: +15.19
- Attempting to bottom out: AEM, AGQ, IAU, JCP, $SILVER, UGLD
- Oversold: WOR
- Moderately oversold: COST, CVS, DBP, HRB, WEAT
- Trying to hold rising trend line support: BNS, BRKS, CTB, LM, MED, RGR
- Trying to hold falling trend line support: EWA
- Attempting to hold the 28 DMA: CSX
- Up against the 65 DMA: KR
- Up against rising trend line resistance: PYPL
- Moderately overbought: ALL, COW, COPX, $FXT, $FTSE, IR, NFLX, TWTR, WY, XLY
- Overbought: C. INTC, ITW, SCHW, TROW, UYG, VOT
- Extremely overbought: $INDU and IYG
- Toppy: $DJW and $NYA50R
- A break out in either direction is on the way for: GBTC, LPL, M
- Anything posted here may be off base.
Friday, October 6, 2017
Morning Update October 6, 2017.
- Yi: +15.3
- Attempting to bottom out: SIVR and SLV
- Trying to hold rising trend line support: EWI, FL, GE, RRGB
- Trying to hold falling trend line support: COH
- Attempting to hold the 28 DMA: CAKE, CSX, CVS, USL
- Up against the 28 DMA: PG
- Up against falling trend line resistance: NEM
- Up against rising trend line resistance: BNS and QCLN
- Moderately overbought: A, DLPH, $FXT, IP, LEN, MCHP, MMM, SEE, SIRI, T, TROW, VFC, VOX, Z
- Overbought: CALM, CREE, I, MANT, ROK, SWK
- Toppy: BMY, CAR, DE, GM, $HGX, SMG, WHR, WSO
- Anything posted here may be off base.
Thursday, October 5, 2017
MU October 5, 2017.
- Yi: +14.82
- Attempting to bottom out: DPS, $GOLD, KMB, UNG
- Moderately oversold: HBI
- Attempting to hold the 65 DMA: BBGI and DM
- Up against falling trend line resistance: IR
- Up against rising trend line resistance: CAR, $DJW, FXI
- Moderately overbought: AET, BABA, CC, CSCO, CNK, COST, CSL, DAL, DE, DNB, FLR, INTC, LOW, LMT, MDC, NIB, PRU, QLD, STMP, TPX, V, X
- Overbought: AXP, COF, EGPT, GM, $HGX, HD, MET, MTH, PAYX, PPG, SMG, TSN, UYG, WSO, XLB
- Toppy: AA, CVY, DFS, IJR, $INDU, IWM, IYG, JPM, MANT, MDY, MMC, $NYA50R, WSO
- A possible top here for: AVAV, B, C, CAL
- A break out either up or down for: BA, CSIQ, MCD, O, TKR
- Anything posted may be off base.
Wednesday, October 4, 2017
MU 10-4-2017.
- Yi: +14.7
- Attempting to bottom out: ABX, CAFE, GDX, HA, KR
- Oversold: JCP, JNUG, PEP
- Moderately oversold: ASA, CMG, $GASO, $GOLD, JWN
- Trying to hold rising trend line support: $GASO
- Attempting to hold the 65 DMA: $CRB
- Up against the 65 DMA: BGS and CLF
- Up against falling trend line resistance: ALL, GILD, RGR, SNAP
- Moderately overbought: BMY, BRKS, $FTSE, IP, RS
- Overbought: ATI, BBRY, BWA, C, DNB, GPC, IJR, IYJ, INTC, JPM, MANT, SCHB
- Toppy: CTB and PAG
- A break out is on the way either way for: DBA, FL, Q
- Anything posted may be off base.
Tuesday, October 3, 2017
MU 10-3-2017.
- Yi: +14.5
- Attempting to bottom out: CENX, DIS, DRI, RGLD
- Moderately oversold: ABX and PEGI
- Trying to hold rising trend line support: DM and SBUX
- Attempting to hold the 28 DMA: GE and WEAT
- Up against the 28 DMA: COH
- Up against falling trend line resistance: FB, RGR, $SUGAR
- Up against rising trend line resistance: AGX, F, GF, HLR
- Moderately overbought: BBRY, CVGRX, FLO, GOOG, LEN, TGS, WFC
- Overbought: AMAT, BIDU, $HGX, MU, TSN, XLNX
- Toppy: AMAT, AXP, SU, TROW
- Break out either way on the way: GBTC, Q, SYY
- Anything posted here may be off base.
Monday, October 2, 2017
MU 10-2-2017.
- Yi: +14.15
- Possible bottom here for KMB
- Moderately oversold: JJN, P, WOR
- Trying to hold falling trend line support: $VIX
- Attempting to hold the 65 DMA: HSNI
- Attempting to hold the 28 DMA: MAIN, SOYB, STMP
- Up against the 28 DMA: HRB
- Up against the 65 DMA: SNAP
- Up against falling trend line resistance: DNKN, $FTSE, M, NUS
- Moderately overbought: AGX, DNB, FAST, EGPT, JACK, KLIC, MED, MKC, MTH, NDAQ, TPX, XOM
- Overbought: IJH, IYE, TROW, TXN
- Getting toppy: DFS, MAN, PAG, POT, RAIL, XRX
- A break out ether way on the way for: BNS, SFTBY, STX
- Anything posted here may be off base.