- Yi: +24.7
- Attempting to bottom out: BBBY
- Extremely oversold: IRBT and TUP
- Moderately oversold: AFL, CL, IFN, JO, NSAQ, PHI, SPWR
- Attempting to hold the 65 DMA: AKAM and MCD
- Attempting to hold the 28 DMA: PG and WEC
- Up against the 65 DMA: $COTTON, BAL, BB, FNG
- Up against the 28 DMA: WOOD
- Up against falling trend line resistance: AGX, AMTD, DNKN, FAST, GEF, IWM, SEE, TILE, TWTR
- Up against rising trend line resistance: AIG, IYJ, RY
- Moderately overbought: BAC, BRKS, CG, CIEN, CSL, CW, GEF, IJH, INTC, ITW, KSS, M, MAT, MDY, MGA, PINS, $PLAT, SCHD, SCHW, SFTBY, SWK, TAP, TROW, WFC
- Average overbought: BCO, COF, CRUS, DFS, GS, HAS, IYG, MCHD, MTSI, SMH, SNAP, TXN, WDC
- Toppy: AMAT, BBY, MU, QCLN
- A break out either way on the way: UBER
- 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