- Yi: +61.58
- Oversold: FLR
- Moderately oversold: AEO, CAKE, CSX, DE, KR
- Trying to hold some rising trend line support: FL, $GASO, GOLD
- Attempting to hold the 28 DMA: FL, QID, SOYB, UNG
- Attempting to hold the 65 DMA: FLO, $GASO
- Up against the 28 DMA: A, CIEN, O, MCHP, MTSI, PBI, $SPX, VOX, XLNX
- Up against the 65 DMA: $NDX, QLD, QQQ, STMP, V, VOT, XLK
- Up against some falling trend line resistance: CG, MCO, MGA, PFE, PPG, SNA, TAP, VOX, YETI
- Up against some rising trend line resistance: CL, NUS, VGK
- Moderately overbought: BMY, HRL, IQV, MMC, MRVL
- 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.
No comments:
Post a Comment