- Yi: +15.65
- Attempting to bottom out: QID
- Moderately oversold: XRX
- Up against the 28 DMA: CTB, DB, OXY
- Up against the 65 DMA: CRUS, CVS, JACK, KLIC, QLD, WEN
- Up against the 28 DMA: BAL
- Moderately overbought: BBGI, BIDU, NVS, RFLD, TGT
- Getting toppy: A, AMAT, BWA, EBAY, WEC
- A break out either way is setting up for: AVGO, $CRB, CSIQ, CVS, CWI, D, DAL, DIS, EFV, FXF, FXI, GBTC, GDX, GF, HSY, IDA, JWN, KR, LOW, MS, MTH, NTAP, PEP, PFF, STX, TPR, VFC, X
- 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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