- Yi: +24.23
- Attempting to bottom out: DB, DBO, IRBT, JJNTF, STLD, TUP, WBA
- Average oversold: S and TSLA
- Moderately oversold: BIDU, COWTF, CTB, HPQ, PTR, SHI
- Trying to hold rising trend line support: AAPL and TSM
- Attempting to hold the 65 DMA: AGX, $CRB, IYE, PTEN, TGT
- Attempting to hold the 28 DMA: ETN, FLR, GT, LOW, NTAP, OILU, RSX, RY, USL, USO
- Up against the 65 DMA: A
- Up against the 28 DMA: BMY, GILD, NVS, SFIX
- Up against falling trend line resistance: AVP, MRK, PPLT
- Up against rising trend line resistance: C and SHAK
- Moderately overbought: DRI, I, KBE, KDP, NTES, PETX, RGR, RRGB, TAP
- Overbought: AXP, CL, F, GDDY
- Extremely overbought: DIS and HSY
- Toppy: MCD
- A break out either way on the way for: IBM, KOL, PEP, PFF, VFC
- 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.
Tuesday, April 30, 2019
MU 4-30-2019
Sunday, April 28, 2019
MU April 29, 2019
- Yi: +24.12
- Attempting to bottom out: DBA, FXF, IRBT, JJGTF, LYFT, MMM, PM, UNG, WEAT
- Extremely oversold: TGS and TUP
- Average oversold: DBA, MTSI, REMX, STX
- Moderately oversold: CMG, COPX, CPRI, FCX, HA, INTC, MOS, ROK, TGT, TILE, WDC, XLNX, Z
- Trying to hold rising trend line support: CENX, CHK, NCR, SCHD, VFC, XRX
- Trying to hold falling trend line support: WBA
- Attempting to hold the 65 DMA: CC, DAL, CVY, WYND
- Attempting to hold the 28 DMA: BBY, CMI, CPB, DLPH, GS, RAIL, TD, WHR, XLB
- Moderately overbought: D and PINS
- Average overbought: FB
- Toppy: XLK
- A break out either way on the way for: BBBY, CSX, TPX
- Anything posted may be off base.
Friday, April 26, 2019
MU 4-26-2019
- Yi: +23.66
- Possible bottom here: WEAT
- Attempting to bottom out: BMY
- Average oversold: CORN, JJGTF, MMM, NOK
- Moderately oversold: BB, BBL, IRBT, LPL
- Trying to hold rising trend line support: EFV, HMC, KMB, $PLAT
- Attempting to hold the 65 DMA: NIB
- Attempting to hold the 28 DMA: CWI, FEU, FNDF, MKC, NTAP, XLB
- Up against the 65 DMA: I
- Up against the 28 DMA: SCHH
- Up against falling trend line resistance: AVP and CSIQ
- Up against rising trend line resistance: AHH, MTH, $NDX
- Moderately overbought: CAKE, MED, PINS, $USD, UUP
- Average overbought: BR, F, FB, HAS, HSY, MCD, MSFT, NOW, SOYB
- Toppy: CRUS, DBO, ETN, KOLD, NSC, QCOM, SMG, XLK
- Possible top here for: AAPL, CREE, SMH
- A break out either way on the way for: IBM and JPM
- Anything posted may be off base.
Thursday, April 25, 2019
MU 4-25-2019
- Yi: +23.57
- Attempting to bottom out: BKS, CALM, GDX, $GOLD, IAU, JNUG, HRL, MAT, NUGT, NUS, RGLD, SIL, STMP, UGLD
- Average oversold: JWN
- Moderately oversold: ATI, AU, CPRI, DBP, GOLD, GFI, JJNTF, WOOD, $XAU
- Attempting to hold the 28 DMA: FCX
- Up against fallomg trend line resistance: NOW
- Up against rising trend line resistance: GDDY, $WTIC, XLY
- Moderately overbought: CIEN, CSIQ, KO, SNA, VNO
- Average overbought: CSL, GOOG, LMT, NSC, QLD, TWTR, VOX, XLK
- Extremely overbought: QCOM
- A break out either way is on the way for: AIG, BA, BABA, BAC, COF, DAL, IP, MAGA, MU, SYMC
- Anything posted may be off base.
Wednesday, April 24, 2019
MU 4-24-2019
- Yi: +23.78
- Attempting to bottom out: AEM, AVAV, EYE, FNG, GILD, KODK, NVS, WEAT, XON
- Average oversold: CALM, MAT, NUGT
- Moderately oversold: GDX, IDA, NEM, RGLD, SIL
- Trying to hold falling trend line support: TPR
- Attempting to hold the 65 DMA: FL, REMX, WY
- Attempting to hold the 28 DMA: BBBY, BBY, CNK, DNKN, HPQ, PAG, PFF, PG
- Up against the 65 DMA: LPI
- Moderately overbought: CG, DUST, JDST
- Average overbought: TWTR and UTX
- Toppy: CL and HPE
- A break out either way is on the way for: BWA, MDR, PNC, QCLN, RGR, SBUX, SHLDQ, T
- Anything posted may be off base.
Tuesday, April 23, 2019
MU 4-23-2019
- Yi: +22.9
- Attempting to bottom out: IQV
- Average oversold: FXF
- Moderately oversold: SFIX
- Trying to hold falling trendline support: TPR
- Attempting to hold the 65 DMA: CHK and PM
- Attempting to hold the 28 DMA: IWM, MMC, PFF, SNAP
- Moderately overbought: DE, LMT, PHI, SNA
- Average overbought: CL, KOL, MAN, MGA
- Toppy: ANF, CAT, GM, GT, HA, $HGX, NDAQ, NTAP, PEP, PPC, PPG
- A break out either way on the way for: MBI
- Anything posted may be off base.
Monday, April 22, 2019
MU 4-22-2019
- Yi: +22.79
- Attempting to bottom out: JACK
- Average oversold: MRK and UNG
- Moderately oversold: A, AA, AEM, GILD, IQV, KOLD, NVS, PFE, SOYB, VNO
- Trying to hold rising trend line support: PEGI and VOT
- Attempting to hold the 65 DMA: ALEX, CAKE, EBAY, NOW, SCHH
- Attempting to hold the 28 DMA: AGX, CMG, SLYG, SNAP, WY
- Up against falling trend line resistance: JCP
- Up against rising trend line resistance: WOR
- Moderately overbought: ANF, CTB, GOOG, GT, HAS, LL, MDR, NDAQ, PG, PPG, SNA, TD, VGK, WSO
- Average overbought: AMAT, FNDF, GF, HD, JPM, NTAP, PNC, PPC, SYY, VFC
- Extremely overbought: PEP
- Toppy: C, $DJW, FB, MCHP, SYY, TSN, XRX
- A break out either way on the way for: CAR, FLR, $SILVER, SIVR, TWTR, $WTIC
- Anything posted may be off base.
Thursday, April 18, 2019
MU 4-18-2019
- Yi: +22.65
- Attempting to bottom out: STMP
- Moderately oversold: CLF, GLD, JACK, MJ, NUGT, WEAT
- Attempting to hold the 65 DMA: AVP and IBM
- Attempting to hold the 28 DMA: BBL
- Up against the 28 DMA: TLRD
- Up against falling trend line resistance: BA and DB
- Moderately overbought: BGG, C, FCX, HPE, KLIC, MAIN, MDR, SFTBY
- Average overbought: CMI, CRUS, CSX, MCHP, OC, PPG, QCOM, ROK, SCHD, SMH, TSM
- Toppy: BWA, SCHK, SDY
- Possible top here: MDY and SWK
- Going parabolic: MRVL
- A break out either way on the way for: LIN and LPL
- Anything posted here may be off base.
Wednesday, April 17, 2019
MU 4-17-2019
- Yi: +22.87
- Attempting to bottom out: FIZZ, GE, LYFT, UGP, XON, WBA
- Moderately oversold: AA, GEF, JACK, MJ, NVS
- Trying to hold rising trend line support: AU, MAT, KSS
- Attempting to hold the 65 DMA: NVDA
- Attempting to hold the 28 DMA: SEE and WHR
- Up against rising trend line resistance: CL, FLO, GF, INTC, HD, IFN, V
- Moderaly overbought: ANF and SVXY
- Average overbought: DNKN
- Toppy: CHD, CREE, PAYX, MKC, SWK, VOT
- A break out either way on the way for: YETI
- Anything posted may be off base.
Tuesday, April 16, 2019
MU 4-16-2019
- Yi: +22.82
- Possible bottom here for: DF
- Extremely oversold: LYFT
- Average oversold: FIZZ and KODK
- Moderately oversold: BKS, CALM, KDP, SIL
- Trying to hold rising trend line support: GILD and GOLD
- Trying to hold falling trend line support: GE
- Attempting to hold the 65 DMA: MRK
- Attempting to hold the 28 DMA: KSS, RGLD, UL
- Up against the 65 DMA: CW and DBI
- Up against falling trend line resistance: AMTD and CAT
- Up against rising trend line resistance: EFV, ETN, IR, IYJ, LOW, MMM, ORCL, SMH, TKR, UTX, VOT
- Moderately overbought: AIG, ALL, AMP, ARNC, CC, CNK, DWDP, F, GM, JPM, MCD, MGA, OC
- Average overbought: FAST, MRVL, PRU
- Toppy: CPB, CSCO, LM, PEGI, TXN
- Possible top here for: CHD, CRUS, CREE, MTH
- A break out eithe way on the way: AMD, SU, VNO
- Anything posted may be off base.
Monday, April 15, 2019
MU 4-15-2019
- Yi: +22.86
- Attempting to bottom out: TGS and X
- Moderately oversold: JCP, MOS, MTSI
- Trying to hold falling trend line support: $SILVER
- Attempting to hold the 65 DMA: GDX and JNJ
- Attempting to hold the 28 DMA: AGX, BIDU, CAKE, CLF, M
- Up against falling trend line resistance: CG
- Up against rising trend line resistance: $HGX, MET, WEN
- Moderately overbought: GS, GT, IRBT, MAIN, MANT, WHR
- Average overbought: DIS, F, LM, MTH, NTAP, TPX, WGO, XRX, YYY
- Toppy: MKC and SPWR
- A break out either way on the way for: AMZN, BGG, $NYA50R, PM, RGR, SYMC, $USD, WEAT
- Anything posted may be off base.
Friday, April 12, 2019
MU 4-12-2019
- Yi: +22.2
- Attempting to bottom out: AVAV, BA, BBL, BMY
- Average oversold: JCP, LYFT, X
- Moderately oversold: SNA and WFC
- Trying to hold rising trend line support: AGX and XOM
- Attempting to hold the 28 DMA: WSO and YUMC
- Up against the 28 DMA: AMTD
- Moderately overbought: GM, JNPR, LPL
- Average overbought: FSLR, OILU, UGA, USO, VOX
- Toppy: CRUS, DIS, TSM, $WTIC
- Possible top here for: $CRB and PYPL
- A break out either way on the way: BRKS, IP, IYE, MAT, NVDA, PEG, RYE
- Anything posted here may be off base.
Thursday, April 11, 2019
MU 4-11-2019
- Yi: +22.2
- Attempting to bottom out: CBRL
- Average oversold: NVS
- Moderately oversold: EYE and SFIX
- Trying to hold rising trend line support: TAP
- Attempting to hold the 65 DMA: MJ
- Attempting to hold the 28 DMA: AXP, FL, MMC
- Up against the 65 DMA: HA
- Up against falling trend line resistance: CTB
- Moderately overbought: CPB and DIS
- Toppy: GG and TWTR
- Possible top here for: NEM
- A break out either way on the way: BB, BNS, NSC, PM
- Anything posted may be off base.
Wednesday, April 10, 2019
MU 4-10-2019
- Yi: +21.88
- Attempting to bottom out: $VIX
- Average oversold: CBRL, GE, X
- Moderately oversold: CLX
- Trying to hold rising trend line support: FNG
- Attempting to hold the 28 DMA: NFLX
- Up against the 28 DMA: TILE
- Up against falling trend line resistance: AU, BGS, CNK, MAIN, $SILVER, SIVR
- Moderately overbought: BABA, BIDU, $CRB, CRUS, GM, MGA, PTEN, RGLD, RSX
- Average overbought: GBTC, MCHP, SNAP, TSN
- Toppy: AAPL, BBBY, COPX, CWI, FEU, FSLR, HPE, MTH, NCR, QCLN, SCHB, $SPX, SWK
- Possible top here for: AMP, $DJW, EFV, EMR, HD, $HGX, IJH, PEGI, PRU, SCHD, SCHK, SCHX, SMH
- A break out either way on the way for: AMTD, FXF, GDDY, MAT, PBI, RY, UL, YETI
- Anything posted may be off base.
Tuesday, April 9, 2019
MU 4-9-2019
- Yi: +22.45
- Attempting to hold the 28 DMA: FXF
- Up against falling trend line resistance: AQUA and BRKS
- Up against rising trend line resistance: CHK, $GASO, IYE
- Moderately overbought: FLR, FXI, GILD, GOOG, IJH, IJR, KLIC, LEN, MCD, MDC, MDY, MET, QCLN
- Average overbought: $HGX, LOW, MKC, PEGI
- Toppy: AGX, AMAT, CREE, DE, IR, MMM, PFF
- Anything posted may be off base.
Sunday, April 7, 2019
MU 4-8-2019
- Yi: +22.34
- Attempting to bottom out: CBRL, KR, SHLDQ, WBA
- Moderately oversold: HRL and JNJ
- Trying to hold rising trend line support: YUMC
- Attempting to hold the 65 DMA: NVS
- Attempting to hold the 28 DMA: MTSI and TD
- Up against falling trend line resistance: DIS and GILD
- Up against rising trend line resistance: BBY, MRVL, PRU, VOX
- Moderately overbought: ALL, BIDU, DE, DIS, EMR, FL, F, GS, HMC, GM, GT, INTC, KSS, LM, MAN, M, MS, $PLAT, PPLT, SMG, SNA, SWK, TPR, EXN, XLB
- Toppy: LIN, ROK, RS, TSM
- A break out either way on the way: QCOM and SFTBY
- Anything posted may be off base.
Friday, April 5, 2019
MU 4-5-2019
- Yi: +21.91
- Attempting to bottom out: CVS, MSI, UGP
- Moderately oversold: BGS, CBRL, RRGB
- Trying to hold rising trend line support: GOLD and KMB
- Trying to hold falling trend line support: TGS
- Attempting to hold the 65 DMA: JCP
- Up against the 65 DMA: AMTD
- Up against the 28 DMA: Z
- Up against falling trend line resistance: GLW and VOT
- Up against rising trend line resistance: CSCO and $DJW
- Moderately overbought: AMAT, BAC, BIDU, BR, C, $CRB, CWI, EQIX, F, $GASO, GS, NDAQ, TWTR, XRX
- Average overbought: WU
- Toppy: CVA, PAYX, PPG, PYPL, SPWR, V
- Break out either way on the way: HAS
- Anything posted may be off base.
Thursday, April 4, 2019
MU 4-4-2019
- Yi: +21.7
- Attempting to bottom out: RAIL
- Average oversold: QID
- Trying to hold falling trend line support: FXP
- Attempting to hold the 28 DMA: CNK
- Up against the 28 DMA: AQUA and IRBT
- Up against falling trend line resistance: CPRI, FXI, TSLA
- Up against rising trend line resistance: COF, $CRB, CREE, FB, GF, NS, SCHX, $SPX, STX, SWK, TSM
- Moderately overbought: ALL, AMP, ARNC, CVY, FB, GBTC, GILD, IJH, MGA, REMX, ROK
- Toppy: AHH and FAST
- A break out either way on the way: HAS
- Anything posted may be off base/
Wednesday, April 3, 2019
MU 4-3-2019
- Yi: +21.53
- Attempting to bottom out: MAT and $VIX
- Moderately oversold: CALM
- Trying to hold rising trend line support: AU, IAU, $XAU
- Attempting to hold the 65 DMA: AEM and GDX
- Attempting to hold the 28 DMA: FXF, RGLD, WEC
- Up against the 65 DMA: AQUA and BA
- Up against the 28 DMA: ATI, CC, CLF, DIS, HA, HBI, HPQ, IJR, MET, $NYA50R, RYE, SMG, TAP, TPR, WEC
- Up against falling trend line resistance: BIDU, BRKS, GT, HPE, MDR
- Up against rising trend line resistance: AGX, AMP, F, IFN, LIN, MCO, PAYX, SCHK, VOT, XLY, XRX
- Moderately overbought: BWA, CAR, CAT, CMI, COPX, $DJW, ETN, FLR, HD, IP, IR, IYJ, JPM, KO, MMC, MMM, NTAP, ORCL, PFF, PPG, ROK, RS, SDY, SWK, T, TKR, UTX, WOR, XLB, XLK, YUMC
- Average overbought: BBL, CSCO, CSX, MKC, NSC
- Toppy: ANF, APD, PEP, TRV, TSN
- A break out either way is on the way: AVP, CG, GDDY, JJNTF, LL, MJ, PTEN
- Anything posted may be off base
Tuesday, April 2, 2019
MU 4-2-2019
- Yi: +21.5
- Attempting to bottom out: QRTEA
- Moderately oversold: CEF, CORN, MBI
- Trying to hold rising trend line support: RGLD
- Attempting to hold the 28 DMA: DBA
- Up against falling trend line resistance: CAKE, $COPPER, IWM
- Up against rising trend line resistance: SCHB
- Moderately overbought: ANF, CAKE, CL, KOLD, LOW, NDAQ, SHAK
- Average overbought: APD, MKC, NVS, SBUX, TSN
- Toppy: DNKN, DRI, FLO, HSY, KMB, LOW, MCD
- Possible top here for: CMG
- A break out either way on the way: AVP, LL, MAIN, MAT, PTEN
- Anything posted may be off base.