- Yi: +21.82
- Attempting to bottom out: COWTF, $GASO, UGA, $UST30Y
- Average oversold: NIB
- Moderately oversold: SFTBY and $VIX
- Trying to hold rising trend line support: UUP
- Up against the 65 DMA: CL, DE, NS, SDY, V
- Up against the 28 DMA: AAPL, AMAT, CLX, FL, IQV, NVS, PEGI, PM, PPG, SYMC, SYY, TLRD, XLB
- Up against falling trend line resistance: BMY, KMB, NVS, PAYX, PEP
- Up against rising trend line support: WEC
- Moderately overbought: EGPT, HSY, IDA, LMT, MANT, MKC, MSI, STMP, TSN, WEN
- Average overbought: CMG and JJNTF
- Extremely overbought: SHAK
- Possible top here for: AEM
- A break out either way on the way in the fullness of time for: I
- Anything posted here may be odd 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