- Yi: +22.23
- Attempting to bottom out at this level: ABX, AEM, BB, SNAP
- Extremely oversold: AMAT, BABA, GDX, NUGT, SNAP, UGP, $XAU
- At the average oversold level: CHK, FB, REMX
- Moderately oversold: AA, BIDU, CG, $DJTENG, $CRB, DIS, EBAY, HA, GOOG, IFN, IYE, KLIC, ORCL, PTEN, NTR, NVS, RYE, SU, TWTR, UL, UNG, XLE, $XOI
- Trying to hold rising trend line support: NDAQ, P, PG, XON
- Trying to hold falling trend line support: MU and Z
- Attempting to hold the 65 DMA: AMZN, JACK, NFLX
- Attempting to hold the 28 DMA: COF, DAL, NFLX, PHI, PYPL, SYMC, XLK, XRX
- Up against the 28 DMA: KO and SEE
- Up against falling trend line resistance: AIG, HAS, TGS
- Moderately overbought: CAKE, IDA, LMT, MCD, WEC
- At the average overbought level: DRI, DUST, EYE, GPC, HRL, HSY, PAYX
- Extremely overbought: AVAV
- Getting toppy: SFIX
- 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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