- Yi: +22.45
- Trying to bottom out: CORN, F, FAT
- Moderately oversold: CALM
- Trying to hold rising trend line support: DAL
- Attempting to hold the 65 DMA: LMT
- Attempting to hold the 28 DMA: CSX
- Up agaimst the 28 DMA: AHH
- Up against rising trend line resistance: AMZN, $DJTENG, EWA, MOS, NUGT, NVDA
- Moderately overbought: EBAY, FB, FNG, LPL, M, MAT, ORCL, QVCA
- Average overbought: CSCO, ETN, FEU, LOW, MSFT, NCR, QQQ, $SPX
- Extremely overbought: $DJW and GOOG
- Toppy: A, BBY, BR, BRKS, EWI, FLR, KSS
- A break out either way is on the way for: DIS and MU
- 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