- Yi: +16.05
- Trying to bottom out: AGX, AHH, B, BCO, CAKE, CAT, CNK, DBI, JWN, LBAI, MANT, MMM, MSI, NCR, OMC, TILE, TPR, TRV, UIS
- Moderately oversold: AFL, BA, CPRI, CVY, EWI, F, GEF, GILD, INTC, ITW, IYG, JPM, MAT, MOS, NOV, NTR, O, PAG, RY, SCHW, SDY, SPWR, STX, TD, WDC, WOOD
- Trying to hold rising trend line support: GLW, HRL, LYFT
- Attempting to hold falling trend line support: WBA
- Attempting to hold the 28 DMA: AIG, BBGI, BEN, DFS, EGPT, JNPR, KR, MCHP, MRVL, PPC, QCLN, QSR, RYE, SCHX, SFTBY, SHAK, $UST30Y, YETI
- Attempting to hold the 65 DMA: DLPH, IQV, MTSI, TSLA
- Up against the 28 DMA: MRK
- Up against rising trend line resistance: BMY
- Moderately overbought: UGLD
- Average overbought: GIS, SFIX
- Setting up for a break out either way: UBER, WEC
- 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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