- Yi: +27.6
- Attempting to bottom out: RRGB
- Extremely oversold: BGG
- Moderately oversold: NCR
- Trying to hold rising trend line support: TKR
- Attempting to hold the 65 DMA: ANF, CNK, HAS, KO, SU
- Attempting to hold the 28 DMA: AXP, BGS, CAR, CG, IP, JPM, MMM, PRU, RTX, SIRI, $UST30Y, $VIX
- Up against the 28 DMA: AEM, NEM, STMP
- Up against rising trend line resistance: AAPL, AMZN
- Moderately overbought: GDDY, GFI, GOLD, ORCL
- A break out either way is on the way for: ALEX, AMP, B, BAC, BIDU, HD, IRBT, IWM, LOW, PAYX, REMX, ROK, $SPX, SWK, USB, UYG, XLE
- 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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