- Yi: +22.74
- Attempting to bottom out at this level: AMAT, ANF, BIDU, GOOG, JCP, KLIC
- Extremely oversold: FCX, GDX, JNUG, NEM, NUGT, SIL
- At the average oversold level: FSLR and GBTC
- Moderately oversold: AMTD, ATI, FXI, HRB, MRVL, NOV, $NYXBT, TRV
- Trying to hold rising trend line support: ALL, $DJW, GS, IJR, MS, RRGB
- Trying to hold falling trend line support: BABA, BBL, CC, RS
- Attempting to hold the 65 DMA: C
- Attempting to hold the 28 DMA: AAPL, AMZN, HPE
- Up against the 65 DMA: CANE
- Up against falling trend line resistance: CAR, CAT, CL
- Up against rising trend line resistance: P and PPG
- Moderately overbought: DE, NSC, SU, $SUGAR
- At the average overbought level: HD
- Extremely overbought: OLLI
- Getting toppy: EYE, HSY, HRL, MKC, MMM, RGR, UIS
- Possible top here for: CLX
- A break out in either direction is on the way for: $USD
- 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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