- Yi: +17.72
- Trying to bottom out here: BBGI, BWA, CBRL, DF, DLPH, MDC, PETX
- At the average oversold level: AIG, CHK, CMI, GEF, GOOG, PAG, PEGI, SNA, TPX, WHR
- Moderately oversold: ALL, APD, BABA, BBL, C, CG, CWI, DB, $DJTENG, $DJW, EFV, DNKN, DWDP, EQIX, ETN, FB, FXI, GILD, GLW, GPC, GT, $HGX, HD, HRB, $INDU, IR, ITW, IYE, LM, LPL, MAN, MET, MMM, NTES, PPG, PRU, PX, SWK, TKR, TGS, UGP, VGK, WFC, XLE, XOM
- Trying to hold rising trend line support: BA, CAT, CMI, FLR, MANT, VFC
- Trying to hold falling trend line support: TKR
- Attempting to hold the 65 DMA: $GASO, IYG, KLIC, QQQ, TROW
- Attempting to hold the 28 DMA: CW, EBAY, JJN
- Up against the 28 DMA: CANE
- Moderately overbought: CORN, DBA, WEAT
- At the average overbought level: JJG and SOYB
- A break out either way is on the way for: KR
- 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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