- Yi: +19.86
- Average oversold: CORN, JJGTF, QID, SOYB, TGS, TLRD
- Moderately oversold: C, DBA, FXF, FXI, GEF, JPM, LMT, ORCL
- Trying to hold rising trend line support: AMTD, CHT, IJH, IP, MET, MDY, ORCL, RJI, SWK, TRV, TSM, XOM, YUMC
- Attempting to hold the 65 DMA here: JCP, JJNTF, NSC
- Attempting to hold the 28 DMA here: EBAY, FLR, JWN, MTH, T
- Up against the 28 DMA: WHR
- Up against rising trend line resistance: GF and NVDA
- Moderately overbought: DIS, FB, GOOG, KR
- Average overbought: AMZN, CAKE, FNG, MAT, NTAP, QLD, TSLA
- Extremely overbought: STMP
- Getting a bit toppy here: CALM, HAS, NFLX, TWTR
- A break out either way is on the way for: RGR, SMH, SYMC, TUP
- 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