- Yi: +22.79
- Attempting to bottom out: QRTEA and TTM
- Extremely oversold: AMTD
- Moderately oversold: BMY, CAKE, $USD, UUP
- Trying to hold rising trend line support: COF and DIS
- Attempting to hold the 65 DMA: BYND, CPB, WYND, XRT
- Attempting to hold the 28 DMA: CALM, DLPH, UBER, WEN
- Up against rising trend line resistance: GBTC
- Moderately overbought:: $CRB, DBC, DBO, DBP
- Average overbought: AU, DE, JNUG, SIL, $XAU
- Toppy: AEM, CAT, CEF, COPX, COST, EWI, FB, FEU, FXF, GDX, GILD, $GOLD, IBM, $INDU, NTR, RSX, V, WEC, YYY
- A break out either way on the way: DAL, DD, LYFT, PNC, SNAP, SOYB, TD, USB
- 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.
No comments:
Post a Comment