- Yi: +24.35
- Trying to bottom out: EGPT, MED, PTEN
- Average oversold: ETCG and SNA
- Moderately oversold: B, COF, CSX, IYE, NCR, NFLX, NOV, PINS, PHI, RYE, WOOD, WY, XLE, XOM
- Trying to hold rising trend line support: AGX, AMP, C, CVS, EMR, GAS, HBI, IYG, JNJ, KR, LOW, M, MAIN, QLD, QQQ, RYE, SOYB, UBER, UYG, XLK
- Trying to hold falling trend line support: BB
- Attempting to hold the 65 DMA: CVY and $DJW
- Attempting to hold the 28 DMA: AFL, ALL, ARNC, CREE, D, DNKN, EBAY, EQIX, GF, GIS, GLW, IJR, IWM, IYJ, KMB, LM, MDY, MET, MS, MSFT, PRU, SCHH, SDY, $SPX, SYY, TROW, TRV, UGA, VGK, WBA, $XOI, Z
- Up against the 65 DMA: MOS
- Up against falling trend line resistance: BA, COWTF, I
- Moderately overbought: GDDY, MTSI, TSLA
- Toppy: NS
- A break out either way on the way for: BYND, CSIQ, FXP, JPM
- 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.
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