- Yi: +32.4
- Trying to bottom out: GDDY, IRBT
- Oversold: STX
- Moderately oversold: ATI, GILD, KOLD
- Trying to hold rising trend line support: NTAP
- Attempting to hold the 28 DMA: AKAM, AMP, CSIQ, DBO, EWI, GOOG, IFN, ROK, RY, VLY
- Attempting to hold the 65 DMA: DIS, GS, TGS
- Up against the 28 DMA: RRGB
- Up against rising trend line resistance: HBI
- Moderately overbought: BBBY, CAKE, CLX, D, NIB, WEC, WU
- Overbought: BGS, QCOM, QRTEA, STMP, UL
- Extremely overbought: GLD, IAU, KODK, TUP
- Toppy: CAT, F, GFI, GLD, IAU, KDP, KMB, REMX
- Break out either way: A, $NYA50R, PEG
- 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