- Yi: +18.78
- Attempting to hold the 28 DMA: YUMC
- Up against the 28 DMA: BNS, CL, DAL, ETN, GE, GEF, IP, KOLD, LMT, NCR, PRU, SCHH, TILE, VLY, VNO, WY
- Up against the 65 DMA: GS, GT, HPQ, MCD, OC, PAG, PAYX, PEG, SIRI, SYY, $UST30Y, VGK, WOR
- Up against falling trend line resistance: AGX, ATI, ALEX, BA, BWA, CAT, CC, DE, FCX, HMC, HPE, IBM, IR, NSC, RY, SMH, STLD, STX, TROW, TXN, USB, WSO
- Up against rising trend line resistance: AMP, EWA, GF, MJ, NTAP, $NYA50R, REMX, SWK
- Moderately overbought: BABA, BBL, BIDU, DLPH, EQNR, FLR, GM, LIN, ROK, TGS, TKR, WHR
- Average overbought: BBY, HD, IRBT, MTH, SMG, TGT
- Toppy: GDDY, MMC
- Setting up for a breakout either way: GBTC, PHI
- 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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