- Yi: +39.77
- Moderately oversold: PHI
- Now up against the 65 DMA: AVAV, CG, DBO, GBTC, IDA, RYE
- Up against the 28 DMA: AA, $GOLD, IYE, PTEN, XLE, XOM
- Up against falling trend line resistance: CW, GS, JPM, JWN, NSC, OMC, PTEN, TILE, WDC
- Up against rising trend line resistance: IP, PPG, RS, SFIX, TSM, VFC
- Moderately overbought: AMAT, AXP, B, BAC, BMY, BNS, CAKE, CC, CMI, $CRB, D, DBA, EMR, ETN, FLR, GEF, GPC, GS, HD, INTC, JPM, KLIC, KO, LOW, MMM, MOS, NTAP, PFE, PG, QSR, REMX, RS, SCHD, SCHH, SFIX, SHAK, STX, SYY, TAP, TPR, TRV, UYG, VFC
- At the average overbought level: AMP, DE, DFS, HAS, $HGX, NCR, NOBL, PPG, ROK, SDY, TROW, XLNX
- Getting toppy: ANF, BBBY, GLW, PAG, PEG, SFTBY, WHR
- A break out either way is on the way for: CPB, DRI, MCD, PINS, PYPL, TSLA
- Anything posted here 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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