- Yi: +15.18
- Moderately oversold: CAT, FCX, KMB, NVDA, PFE
- Trying to hold rising trend line support: CLX and KO
- Attempting to hold the 65 DMA: CENX, COST, FLO
- Attempting to hold the 28 DMA: JO
- Up against falling trend line resistance: $PLAT
- Up against rising trend line resistance: CPRI
- Moderately overbought: ANF, AU, CRUS, HBI, HPE, MCHP, MJ, MRVL, NDAQ, QCLN, RRGB
- Average overbought: EBAY and FSLR
- Toppy: AGX, AMAT, CSIQ, $NYA50R
- A break out either way is on the way for: B, BAL, DIS, PETX, SCHD, $SPX
- 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