- Yi: +33.18
- Attempting to bottom out at this level: CPRI, CSCO, FLR, HAS, TAP
- Extremely oversold: QID
- Moderately oversold: DE, MAT, TKR, VNO
- Trying to hold rising trend line support: DRI, NIB, SWK, UTX
- Attempting to hold the 65 DMA: BBGI
- Attempting to hold the 28 DMA: JACK
- Up against the 65 DMA: SU and $XOI
- Up against the 28 DMA: $CRB and $WTIC
- Moderately overbought: GPC, PAYX, SIL, SLV, $XAU, YUMC
- At the average overbought level: AKAM, $GASO, GOLD, IAU, O, UGLD
- Extremely overbought: NVDA, SYMP, Z
- Getting toppy: AGX, AXP, GOOG, MCO, PYPL, TSLA, VOX
- A break out either way is setting up for: AAPL, DAL, GEF
- 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.
No comments:
Post a Comment