- Yi: +20.68
- Possible bottom here for: BIDU, CANE, PPC, $SUGAR
- Attempting to bottom out in this area: ABX, AEM, BBBY, CALM, EBAY, F, FXI, GDX, GG, NCR, SYMC, SMG
- Extremely oversold: NIB and $XAU
- At the average oversold level: GDX, GG, JNUG, X
- Moderately oversold: FL, FCX, GBTC, HD, SCHW, TPR, XOM
- Trying to hold rising trend line support: AMP, EROS, SIRI
- Attempting to hold the 65 DMA: GF
- Attempting to hold the 28 DMA: AMTD, CAT, CWI, EFV, FNDF, SU, VGK
- Up against the 65 DMA: CSIQ and GDDY
- Up against the 28 DMA: DNKN, DRI, EGPT, FSLR, JACK
- Up against falling trend line resistance: MAT, NFLX, RGR
- Up against rising trend line resistance: EQIX and I
- Moderately overbought: ALL, DUST, FXP, MKC, PG, NTR, TSLA
- At the average overbought level: AAPL, CLX, MAIN, NUS
- Getting toppy: CHD and KMB
- A break out either way is on the way for: FAT, MTH, $NYA50R
- 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.
No comments:
Post a Comment