- Yi: +21.53
- Attempting to bottom out: DBA, EYE, I, JO, JWN, NIB, PCRFY, UGP
- Average oversold: CREE and MAT
- Attempting to hold the 28 DMA: AVP and MKC
- Up against the 65 DMA: FAST
- Up against the 28 DMA: FSLR
- Up against falling trend line resistance CHK, OILNF, OILU, PPLT, QCLN, WFC, $WTIC
- Up against rising trend line resistance: PPC
- Moderately overbought: HDM LEN, LOW, NVDA, TWTR, UL
- Average overbought: CVS and TGT
- A break out either way is on the way for: APD
- 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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