- Yi: +28.1
- Moderately oversold: NIB
- Attempting to hold the 28 DMA: AA, CNK, FXI, VGK
- Attempting to hold the 65 DMA: NVS
- Up against the 65 DMA: ANF
- Up against the 28 DMA: CSX, CVS, DAL, DRI, ETN, $HGX, $INDU, IP, PEG, $PLAT, RGLD, ROK, SIRI, SMG, SNA, TROW, WU, Z
- Up against falling trend line resistance: DIS, $DJW, HD, HSY, MCD, MDC, PAG, SCHD, $SPX
- Up against rising trend line resistance: BBBY
- Moderately overbought: CSIQ, GDX, NEM, RGR, WSO
- Overbought: EBAY, GFI
- Extremely overbought: MED
- Toppy: AKAM, $COPPER
- A break out either way is on the way for: BABA, C, CLF, EFV, EWI, FLO, FSLR, HTZ, KOL, LPI, MAIN, MJ, OXY, PM, SU, SYY, USB, $XAU
- Anything posted here 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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