- Yi: +36.8
- Extremely oversold: CNK
- Moderately oversold: AKAM
- Attempting to hold the 28 DMA: RRGB, $USD, UUP
- Up against the 28 DMA: BAC, CAKE, CVS, EMR, EWI, FXF, GLD, MMM, $NYA50R, PPC, PRU, REMX, RGR, RY, T, TAP, TD, TGS, THO, TILE, WBA, YETI
- Up against the 65 DMA: ALEX, AMAT, GT, KR, WGO
- Up against falling trend line resistance: ALEX, CAR, EMR, FXF, MET, MGA
- Up against rising trend line resistance: CORN, FL, IFN, TKR
- Moderately overbought: ANF, BNS, BRKS, CC, CL, CLF, CMI, CTB, ETN, FL, FSLR, HBI, HD, IWM, LBAI, MAN, MCD, MDC, MGA, PEG, PNC, PPG, ROK, SCHD, SCHH, SMH, SNA, STMP, TKR, TROW, TSM, USB, $UST30Y, UYG, VFC, VLY, WHR, WU, XRX
- At the average overbought level: OC, PAG, WOR
- Extremely overbought: CSIQ
- A break out either way is on the way for: CALM, HAS, KODK
- 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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