- Yi: +32.95
- Attempting to bottom out: AU, GS, HSY, LBAI, SU
- Extremely oversold: JWN, XOM
- Oversold: AMP, BCO, CVY, IYE, IYG, JNPR, JPM, KHC, MJ, PPC, RGLD, RYE, T, TILE, TSN, UIS, XLE, $XOI
- Moderately oversold: A, AEM, AFL, APD, CC, D, DAL, EMR, GBTC, GE, GLW, GM, $GOLD, GOLD, GPC, HPE, IAU, IBM, $INDU, IQV, IWM, KLIC, KO, KSS, LIN, LYFT, MAIN, MCO, MS, NEM, NOBL, O, PCRFY, $PLAT, PM, PNC, PPLT, PRU, REMX, SCHD, SDY, SOL, SLV, TSM, UYG, VNO, WOOD, WSO, WU, YYY
- Trying to hold some rising trend line support: MDC, TSLA, WEAT
- Attempting to hold the 28 DMA: ATI, BAL, $COTTON, LPL, MCD, MRVL, NSC, UGP
- Attempting to hold the 65 DMA: IP, ORCL, NUS
- Moderately overbought: SPXU, $USD
- Break out either on the way: $CRB, LOW
- 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