- Yi: +18.48
- Trying to bottom out: CTB and JO
- Moderately oversold: BBGI, CLX, CPB, GPC, KMB, KO, PPC, WHR
- Trying to hold rising trend line support: CL
- Up against the 28 DMA: BA
- Up against the 65 DMA: DAL, FLR, NTR
- Up against falling trend line resistance: AIG, AXP, $USD, UUP
- Moderately overbought: GEF, I, RAIL
- Average overbought: MANT
- Toppy: NFLX and NOW
- A break out either way is on the way for: AA, FL, YUM
- 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.
No comments:
Post a Comment