- Yi: +40.1
- Average oversold: HBI
- Moderately oversold: UNG
- Up against the 28 DMA: ANF, CVNA, LPI
- Up against the 65 DMA: NCR, WGO
- Up against falling trend line resistance: AAPL, AKAM, CG, CVY, DIS, ETCG, MAN, MCO, NDAQ, QLD, QQQ, XLK, XRX
- Up against rising trend line resistance: WYND, XLNX
- Moderately overbought: AMP, APD, AU, B, CC, DRI, EWA, FB, GLW, GM, $GOLD, GOLD, HSY, IDA, IYJ, MGA, MRVL, NDAQ, NTAP, $NYA50R, PAG, QCLN, QRTEA, RGLD, RS, RSX, SEE, SIL, SIRI, SPWR, UYG, WOOD
- Average overbought: AMAT, BRKS, CVS, IR, KLIC, MCHP, MJ, YETI, YYY
- Extremely overbought: GBTC
- Getting toppy: BIDU, GOOG, TPR
- A break out either way is setting up for: MCD
- 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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