- Yi: +17.44
- Trying to bottom out: AU, DWDP, CTB, DIS, HAS, UGP, SNAP, WEAT, XLB
- Extremely oversold: GE and MTSI
- Average oversold: BGS, CVS, DF, HAS, PAG, PHI, RAIL
- Moderately oversold: ATI, $COPPER, EROS, GEF, MOS, NCR, NTR, ORCL, WOR, UTX, WEAT, WFC, WHR
- Trying to hold rising trend line support: CL, GOOG, JJN
- Attempting to hold the 65 DMA: DYN
- Attempting to hold the 28 DMA: AGX, QQQ, QLD, TROW, XLK
- Up against the 28 DMA: NUGT, QID, SPXU
- Up against the 65 DMA: AQUA
- Up against falling trend line resistance: AEM, CBRL, $GOLD, $SILVER, SPWR, $UST30Y
- Up against rising trend line resistance: STX
- Moderately overbought: CAR and TKR
- Average overbought: CAR
- Toppy: CAR
- A break out either way is on the way for: A, BMY, EWI, FL, FXI, FXP, GPC, HD, IYG, JPM, MAN, MS, PAYX, PEGI. ROK, X
- 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.
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