- Yi: +38.7
- Trying to bottom out: CLX, NIB
- Moderately oversold: EBAY, MRK, NVS
- Attempting to hold the 28 DMA: PEP
- Attempting to hold the 65 DMA: NIB
- Up against the 28 DMA: AVAV, CAR, HMC, MANT
- Up against the 65 DMA: FXI, IDA, TUP
- Up against falling trend line resistance: $CRB, VLY, WYND
- Up against rising trend line resistance: CC
- Moderately overbought: BWA, D, GF, JPM, MCHP, NOBL, NVDA, PNC, SDY, SEE, SNA, SOYB, TTM, XRX, YETI
- Average overbought: BABA, CANE, CORN, CRUS, FL, FSLR, MRVL, STMP
- A break out either way is on the way for: AAPL, $BTCUSD, KO, LOW, $NDX, NSC, PYPL, QLD, QQQ, TSLA, VOX
- Anything posted on these pages 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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