- Yi: +17.4
- Attempting to bottom out: GILD, QRTEA, SGGFF, WBA
- Extremely oversold: CVS, FIZZ, HPQ, WEAT
- Average oversold: BGG, CORN, M, MOS, TUP, WBA
- Moderately oversold: AA, AVP, B, BBBY, BNS, CW, F, FCX, HPE, IJR, JACK, LM, MTSI, NCR, NDAQ, OC, PAG, PBI, PFE, $PLAT, PTEN, NVDA, SCHW, TD, TILE, UIS
- Trying to hold rising trend line support: AVAV, BMY, FLR, HMC, LOW, MGA
- Trying to hold falling trend line support: IJR
- Attempting to hold the 65 DMA: AMTD, BWA, CAT, CLF, DE, JPM, LBAI, MAIN, MMM, PAYX, WY
- Attempting to hold the 28 DMA: A, AAPL, ALL, B, BMY, $CRB, CRUS, CSIQ, EBAY, FLO, IQV, IR, KLIC, LMT, NOW, SPWR, UTX, VGK, WGO, WHR, XLB, XLK, XLNX, XRX
- Moderately overbought: $GASO and $USD
- Toppy: D
- A break out either way on the way for: BBY, LPL, UNG
- Anything posted here 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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