- Yi: +27.1
- Attempting to bottom out at this level: AKAM
- Moderately oversold: CAKE, FXP, PBI, WDC
- Trying to hold falling trend line support: MTH and SPXU
- Attempting to hold the 28 DMA: DRI, HSY, MKC, NDAQ, TSN
- Up against the 65 DMA: AGX and HPE
- Up against the 28 DMA: CSCO, FLR, GM, MOS, NUS, SLV, SPWR, VLY
- Up against falling trend line resistance: DAL, DE, IYE, MGA, MJ, XLE
- Up against rising trend line resistance: AMP, $COTTON, IWM, MCHP, PNC, PRU, $SPX, SNA, UGP, UYG
- Moderately overbought: AMAT, AXP, BBL, BWA, C, CAT, $CRB, CWI, DLPH, F, FAST, IR, ITW, IYJ, KR, LBAI, LIN, LL, MTSI, MU, NOV, NVDA, OMC, SNA, TKR, TXN
- At the average overbought level: A, BBY, CIEN, CLF, EMR, MAN, SWK, TSM, VFC
- Getting toppy in this area: BMY, CSIQ, FCX, $SUGAR
- A break out either way is setting up for: T, TWTR, VOX
- 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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