- Yi: +17.27
- Trying to bottom out: CNK and MCD
- Moderately oversold: PHI
- Trying to hold rising trend line support: AEM, GLD, MANT
- Attempting to hold the 28 DMA: AEM, GG, PEGI
- Up against the 65 DMA: JNJ and RAIL
- Up against rising trend line resistance: $HGX, IJH, IJR, IWM, IYJ
- Moderately overbought: B, LOW, MTSI, ROK
- Average overbought: BBBY, CSCO, IR, IYJ
- Toppy: A, ALL, AMP, AXP, EMR, LMT, MAN, MAT, MCHP, MMC, MMM, PG
- A break out either way is on the way for: AAPL, FNG, IAU
- 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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