- Yi: +26.76
- Trying to bottom out at this level: KOL, MCHP, MOS, NTR, NUS, RAIL, TXN, WHR
- At the average oversold level: AGX, JJNTF, M
- Moderately oversold: ANF, CSX, DBI, GLW, JWN, LPL, MTH, SNA, TLRD, UL, VNO, XLNX
- Trying to hold rising trend line supprt: DFS and WU
- Trying to hold falling trend line support: QRTEA
- Attempting to hold the 65 DMA: BABA, CMI, GOOG, LM, MTSI, TKR, TSM, UTX
- Attempting to hold the 28 DMA: BWA, CAT, CVY, EWI, MAN, M, MAT, PAG, OMC, QCOM, PPG, SDY, TPX, TTM, VLY, WSO, WYND
- Up against the 28 DMA: IDA. MJ, UBER, $XOI
- Moderately overbought: D, HRL, LYFT, MRK, NFLX
- At the average overbought level: AMTD, NOW, SCHW, TGT
- Getting toppy: NDAQ
- A break out either way is setting up for: CORN, MRVL, SCHX, WEC
- Anything posted on these pages 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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