- Yi: +34.75
- Trying to bottom out: AHH, AIG, AMP, AVAV, AXP, BCO, BEN, CNK, D, DAL, CVY, EWA, HRL, IDA, $INDU, INTC, IQV, IWM, IYE, IYG, JNPR, JO, JPM, KHC, LYFT, MCHP, MCO, $NYA50R, NDAQ, NTAP, O, PNC, PPC, QQQ, SEE, VNO, XLNX
- Extremely oversold: NKLA
- Oversold: GILD, GT, M
- Moderately oversold: AGX, CLF, HA, HD, MET, MMC, NVS, PCRFY, TTM, UGP
- Trying to hold some rising trend line support: LOW, NTR, SCHW
- Attempting to hold the 28 DMA: CORN, FL, NTR, SHAK, WYND
- Attempting to hold the 65 DMA: AEO, CPRI, DFS, SOYB, TPR
- Up against the 28 DMA: STMP
- Up against the 65 DMA: BGS
- Up against rising trend line resistance: DRI
- Break out either way on the way: ETN, WSO
- 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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