- Yi: +24.9
- Attempting to bottom out: BAL, BGS, CALM, $COTTON, DLPH
- Moderately oversold: A, CSIQ, CSL, JNJ, MJ, SFIX, SGGFF, $SUGAR, TAP, XOM
- Trying to hold rising trend line support: $UST3M
- Attempting to hold the 65 DMA: IQV, SYMC, $USD
- Attempting to hold the 28 DMA: AVP, D, FLO, I, UL, WY
- Up against the 65 DMA: EMR, OLLI, ROK
- Up against the 28 DMA: CHD
- Up against falling trend line resistance: BRKS, $COPPER, WSO, $XOI
- Up against rising trend line resistance: HAS, PG, MCO, SCHK
- Moderately overbought: AMAT, ANF, CAR, CIEN, CPRI, CSCO, INTC, PM
- Average overbought: COST, DAL, GS, HD, $INDU, JJNTF, IYG, MTH, WDC
- Toppy: AFL, CL, DIS, $DJW, EWI, JPM, NDAQ, PUTW, QQQ, QID, SBUX, SNAP, $SPX, TPX, V, XLY
- A break out is on the way for: AEM, AU, IAU, JCP, PCRFY, TD, UGLD
- 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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