- Yi: +16.99
- Trying to bottom out: AMAT, BRKS, CRUS, EROS, KLIC
- Average oversold: WDC
- Moderately oversold: A, AMAT, BABA, BIDU, CC, CSIQ, EQIX, FNG, FB, $FXT, $GASO, GOOG, MU, NVDA, SFTBY, PHI, PYPL, QCLN, SPWR, SYMC
- Trying to hold rising trend line support: POT
- Trying to hold falling trend line support: ASA
- Attempting to hold the 28 DMA: AMZN and MED
- Up against the 28 DMA: LL
- Up against the 65 DMA: UGP
- Moderately overbought: BBBY, BBY, CBRL, DF, DNKN, FLR, IBM, KOLD, SBUX, PG, SMG, WEN, WFC, X
- Average overbought: CLX, FAST, HSY, KMB, PPC, SCHW
- Toppy: COST, DFS, DNB, FLO, HRL, IYG, PEG, SCHD, SWK, TROW, YUM, XLY
- Possible top here for: AFL, ALL, AMTD, DE, $INDU
- A break out either way is on the way for: EWI
- 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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