- YI: +22.32
- Trying to bottom out: BA, LL, MJ
- Average oversold: AA, BWA, COPX, $CRB, DBA, FLR, FNG, HPE, MCO, RGR, KOL
- Moderately oversold: BABA, BBL, BBY, CAT, CL, CSCO, EMR, F, FL, FNDF, FXI, GDDY, JJGTF, LIN, LOW, M, MS, NFLX, PEP, QCOM, ROK, SOYB, STX, TAP, UBER, VFC, $WTIC, XLNX
- Trying to hold rising trend line support: ANF, CG, $HGX, RRGB, TPX
- Attempting to hold the 65 DMA: CLX, EYE, $HGX, $INDU, ORCL, PNC, QRTEA, SCHD, $SPX, STLD, SWK, UYG, VOT, YETI
- Attempting to hold the 28 DMA: AMAT, CREE, CVS, DAL, KO, KSS, LM, MKC, $PLAT, PM, PPLT, RRGB, YYY
- Up against the 28 DMA: D
- Up against falling trend line resistance: D, FSLR, KOLD
- Moderately overbought: PPC
- Average overbought: AKAM, CRUS, SIRI, YUM
- 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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