- Yi: +26.55
- Moderately oversold: CVS, GILD, HSY, IQV, ITW, JNJ, LMT, MANT, MRK, NIB, $PLAT, PM, PPC, RGLD, STX, TILE, UIS, WBA
- Trying to hold rising trend line support: AAPL, D, WEAT
- Trying to hold the 65 DMA: AGX, BABA, CL, CWI, EWA, FCX, FLO, HBI, KHC, M, OLLI, PAYX, TRV, TXN, UGP
- Attempting to hold the 28 DMA: CAT, CBRL, CIEN, CPRI, $CRB, D, DBI, DLPH, EMR, EQNR, FAST, HRB, IR, IYJ, LOW, LPL, MJ, $NDX, NUS, QQQ, QSR, REMX, TSN, VOT, VOX, WEC, WOOD, WSO, XLK, XLY
- Anything posted 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