- Yi: +35
- Attempting to bottom out: CBRL, GOOG, MKC, PEP, RGLD, $SPX, WY, YUMC, VOX
- Extremely oversold: SU
- Oversold: AA, AIG, M, MGA, MJ, NOV, PPC, T, VLY
- Moderately oversold: AHH, AMP, AU, BAC, BEN, BMY, BWA, CAKE, CAR, CVY, DBI, EWA, $GOLD, HA, IQV, IWM, JNJ, MCO, NEM, $NYA50R, O, OMC, PPG, PPLT, PRU, RBGLY, ROK, RS, SCHD, SDY, SIL, SLV, SNA, SWK, TROW, TSN, UIS, WOR, WSO, XRX
- Attempting to hold the 28 DMA: AGX, BAL, CAT, DAL, DFS, DNKN, FCX, GPC, IRBT, NSC, PAYX, TSM
- Attempting to hold the 65 DMA: ADM, AXP, BBL, DLPH, EMR, ETN, NVS, VFC, WDC
- Attempting to hold rising trend line support: CAT, GPC
- Attempting to hold falling trend line support: BNS
- Break out rither way on the way: MRVL, MTSI
- 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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