- Yi: +63.13
- Attempting to bottom out: IDA
- Oversold: CLX
- Moderately oversold: ATI, IDA, JACK, MKC, PFE
- Attempting to hold the 28 DMA: GIS, PM
- Attempting to hold the 65 DMA: AU, CVS, GOLD, KHC, NCR, TD, UL
- Up against the 28 DMA: BIDU, CORN, SPWR, STMP
- Up against the 65 DMA: CAKE, COPX, DBA, HBI, MTH, SOYB, $USD, WOR
- Up against some falling trend line resistance: PBI, QCLN
- Up against some rising trend line resistance: BNS, LBAI, RY
- Moderately overbought: $CRB, FL, $GASO, $INDU, IYJ, MANT, MGA, MTSI, $NYA50R, OIL, PBI, QRTEA, QSR, WDC
- Overbought: GME
- A break out either way is setting up for: BAL, DE, GLW, HRB, IBM, OMC
- 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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