- Yi: +18.37
- Trying to bottom out: DBO and JO
- Attempting to hold the 65 DMA: JNJ
- Attempting to hold the 28 DMA: CLX, HAS, KR
- Up against the 65 DMA: AGX, AMTD, BBL, CAT, $COPPER, COPX, CSIQ, CTB, DB, DE, DIS, $DJW, DNKN, EMR, FCX
- Up against the 28 DMA: CANE and CC
- Up against falling trend line resistance: PCRFY
- Up against rising trend line resistance: AA, CW, EFV
- Moderately overbought: AXP, BAC, BNS, BWA, CMI, CNK, EQNR, FLR, GBTC, GILD, GPC, HA, IYE, MED, MU, REMX
- At the average overbought level: BB, BRKS, CRUS, GOOG, LOW, MTSI
- Getting toppy: GIS, GS, IBM, $INDU, $HGX, IR, IWM, IYJ, JACK, LEN, MAN, MCHP, MET, MRVL, $NYA50R, NUS, OLLI, PRU, QRTEA, QSR
- A break out either way is setting up for: CMG and MKC
- 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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