- Yi: +23.25
- Trying to bottom out: AA, CNK, F, FLR, GDDY, HPQ, LM, NCR, PTEN, UNG
- Extremely oversold: MJ
- Moderately oversold: RRGB and TGT
- Attempting to hold the 28 DMA: CANE,IR, THO
- Up against the 65 DMA: RGR, TD, TKR, $XOI
- Up against the 28 DMA: AXP, BBL, CW, FB, $INDU, KOL, LBAI, LOW, MS, NVS, PFE, UYG, WBA, WY
- Up against falling trend line resistance: BGG, CMG, CMI, EFV, HA, JPM, KOLD, PHI, SCHD, STLD, $UST30Y, VGK
- Up against rising trend line resistance: D and FIZZ
- Moderately overbought: GFI, KSS, $NDX. SMH, $SPX, VFC, WHR, WSO, WU
- Average overbought: TSM
- A break out either way is setting up for: AGX, BA, PEP, SMG
- 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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