- Yi: +20.52
- Moderately oversold: EROS and QID
- Trying to hold rising trend line support: $VIX
- Attempting to hold the 65 DMA here: FAT, MBI, PEG
- Attempting to hold the 28 DMA here: RGLD
- Up against the 65 DMA: IBM, PM, TUP
- Up against the 28 DMA: CWI, EMR, GS
- Up against falling trend line resistance: AMP, ATI, AMTD, AXP, B, BABA, BIDU, $CRB, DBC, JNUG, JPM, NS, ORCL, PRU, RGR, USB
- Up against rising trend line resistance: CRUS, SCHK, SNA
- Moderately overbought: AET, AAPL, AIG, AMZN, BRKS, CAKE, CSX, DNKN, DIS, $DJW, EWA, IJH, IJR, JNPR, LEN, LL, MAT, MDY, MMC, MSFT, MTH, $NDX, NOW, NVS, QLD, RSX, RYE, SCHB, SCHX, SMG, $SPX, STMP, WHR, XLK
- At the average overbought level: HAS
- Getting a bit toppy: DRI and MMC
- A break out up or down is setting up for: RRGB and TLRD
- Anything posted on these pages 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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