- Yi: +23.82
- Attempting to bottom out: TUP, $UST30Y, $VIX
- Extremely oversold: DUST and UNG
- Moderately oversold: CNK, MED, SYY
- Trying to hold rising trend line support: SEE
- Trying to hold falling trend line support: KR
- Attempting to hold the 28 DMA: MAIN
- Up against the 65 DMA: COPX, FXI, HPE, IJR, MGA, SMH
- Up against the 28 DMA: GDDY, IDA, MJ, NOV, UTX, WDC
- Up against falling trend line resistance: A and CSX
- Up against rising trend line resistance: CSCO
- Moderately overbought: CWI, $DJW, ETN, EWA, FEU, FNDF, FSLR, GE, IYJ, LMT, MMM, ORCL, PAG, QCLN, RS, SCHB, SCHD, SCHK, SCHX, SDY, $SILVER, TKR, VGK, WHR, WOOD, WOR, $WTIC, XLE, XLNK, $XOI, YUMC
- Average overbought: AEM, CMI, GDX, GLD, HD, IAU, KOLD, NUGT, PEGI, QQQ, SVXY, TROW, UGLD, WY, $XAU, XLK, XLY, YYY
- Toppy: CAR, PFF, PUTW, SCHH, SMG, $SPX, TD
- A break out either way is on the way for: GF and PRU
- 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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