- Yi: +14.55
- Possible bottom here for: CC
- Attempting to bottom out at this level: AIG, AMP, AMTD, CG, CVY, CW, DF, $DJW, EFV, FCX, FNDF, HMC, KLIC, KOLD, PAG, PPC, PTEN, PRU, REMX, RGR, SHLDQ, SNA, SNAP, $UST30Y, VLY, WOR, X, $XOI
- Extremely oversold: FLR, KORS, SHAK
- At the average oversold level: PHI and TLRD
- Moderately oversold: AVP, MAT, PNC, SWK, WYND
- Trying to hold rising trend line support: DNKN
- Trying to hold falling trend line support: IYG
- Attempting to hold the 28 DMA: WSO
- Up against falling trend line resistance: HRL and UL
- Moderately overbought: CHD, CNK, IDA, PYPL
- Toppy: WEC
- A break out either way is on the way for: ANF, CAL, CANE, DBA, FSLR, IBM, IRBT, SDDFF
- 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