- Yi: +37.75
- Trying to bottom out: D, MRVL
- Oversold: ETCG, MU
- Moderately oversold: C, GE, HPE, IYE, M, OMC, $PLAT, TRV, VLY, WBA, XLNX, $XOI
- Attempting to hold the 28 DMA: AFL, ANF, BCO, CVY, CWI, DAL, EWA, $GOLD, GPC, HAS, PAG, PEP, SDY, TPR, TSN, TUP, UIS, UYG
- Attempting to hold the 65 DMA: ADM, AEM, CBRL, GLW, IR, IWM, LMT, NCR, NOBL, ROK, SCHD, SLV
- Trying to hold rising trend line support: GM, HRB
- Up against the 28 DMA: AKAM, BNS
- Up against the 65 DMA: PCRFY
- Moderately overbought: GOOG
- Break out either way setting up: GT, NTAP, QCLN, WY
- 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.
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