- Yi: +36.55
- Trying to bottom out: AGX, AU, BWA, C, CBRL, CC, CIEN, DBI, DLPH, EMR, ETCG, EWI, GE, GILD, GM, $GOLD, GOOG, GPC, GT, HD, HRL, IAU, JNJ, JWN, KLIC, KMB, KSS, MANT, MGA, NEM, OMC, PCRFY, PM, RGLD, RY, RYE, SIL, SLV, $SPX, SU, T, TAP, TD, TILE, TRV, UIS, VLY, XLE, XOM, XRX, WY
- Oversold: NOV
- Moderately oversold: CAKE, REMX
- Attempting to hold the 28 DMA: LPL
- Attempting to hold the 65 DMA: MU
- Up against the 28 DMA: AMAT, FLR, PYPL
- Up against the 65 DMA: GIS, QLD, QQQ, ROK, SCHX, XLK
- Up against falling trend line resistance: AMAT, GBTC, HSY
- Moderately overbought: CSIQ, HRB, 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.
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