- 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.
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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