- Yi: +15.93
- Moderately oversold: AMAT, BIDU, CG, GM, HAS, KLIC, MSI, NTES, NVS, PPG, RGR, TAP, TRV, $USD, WEC, WY
- Trying to hold rising trend line support: AIG, CPRI, EMR, FCX, FLR, HMC, PAG, TILE, TKR, VNO
- Attempting to hold the 65 DMA: BMY, CAKE, CC, CL, CNK, CVY, GIS, GPC, IBM, ITW, IWM, IYJ, KHC, MCHP, MGA, MKC, MMM, NVDA, QCOM, SCHD, SCHX, $SPX, VGK, WOOD, YUM, YUMC
- Attempting to hold the 28 DMA: A, BBL, BWA, CLF, CSCO, CVS, EWA, HA, $INDU, INTC, IYG, JNPR, KDP, LIN, MGA, NOV, NTR, OMC, ORCL, PAYX, PEG, PEP, $PLAT, RS, SDY, TPR, TXN, UBER, UYG, WOR
- Up against the 65 DMA: $CRB
- Up against the 28 DMA: $UST30Y and $WTIC
- Setting up to break out one way or the other: AKAM
- 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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