- Yi: +16.75
- Moderately oversold: $VIX
- Trying to hold falling trend line support: $SUGAR
- Attempting to hold the 28 DMA: WEC
- Up against the 65 DMA: AAPL, CSX, EMR, FCX, FLR, FSLR, HAS, IR, JACK, MAN, MCD, PFF, PPC, QCOM, QLD, SCHD, SIRI, SNA, $SPX, STLD, SYY, X, Z
- Up against the 28 DMA: XRX
- Up against falling trend line resistance: CG, FIZZ, PEP
- Moderately overbought: CALM, CRUS, HD, JWN, KLIC, KR, $NDX, $NYA50R, PFE, QRTEA, SMH, WEN, WSO
- At the average overbought level: PHI and SMG
- Getting toppy: BMY, EBAY GDDY, PHI
- A break out either way is setting up for: $GASO, KMB, SIVR, TGS, UGA
- Anything posted on these pages may be in error.
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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