- Yi: +23.5
- Trying to bottom out: MTSI
- Moderately oversold: CAL, DAL, CSL, MTH
- Trying to hold rising trend line support: AAPL and BBBY
- Attempting to hold the 65 DMA: CAT, CTB, GLW, JCP, PPC, SBUX, SIL
- Attempting to hold the 28 DMA: DLPH, JWN, NOK, QCLN
- Up against the 65 DMA: AXP, BB, BBGI, DBA, IDA
- Moderately overbought: CG, COST, GS, KMB, SIRI, STMP, RJI, WHR, WY
- Average overbought: AET, IP, JJN, RSX, UTX, UGP, WSO
- Extremely overbought: NFLX
- Toppy: DNKN, FL, LM
- A break out either way is on the way for: EGPT, TGS, SEE
- 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