- Yi: +17.97
- Trying to bottom out: AHH, CAT, DAL, M
- Moderately oversold: GF, PEG, UIS, UGP, WBA
- Trying to hold rising trend line support: MANT
- Attempting to hold the 65 DMA: HBI
- Attempting to hold the 28 DMA: $PLAT
- Up against falling trend line resistance: LYFT
- Up against rising trend line resistance: UBER
- Moderately overbought: A, AMP, DNKN, GBTC, MAIN
- Average overbought: JACK, MED, MSFT, NUS, PYPL, RGLD
- Getting a bit toppy here: NFLX
- A break out either way is settting up for: JNJ, KDP, KHC, LPL, MJ, NDAQ, NVS
- 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