- Yi: +61.42
- Attempting to bottom out: NOW, UUP
- Oversold: AVGO, BABA, KLIC, MCHP, MU, OLLI, QCLN
- Moderately oversold: A, AMAT, AVAV, GME, HA, IWM, MTSI, $NDX, QLD, QQQ, TSM, XLK, XLY
- Trying to hold some rising trend line support: HBI, $INDU, IR, $SPX
- Trying to hold some falling trend line support: AGX, MRVL, MU
- Attempting to hold the 28 DMA: CAKE, CAR, DBI, IQV, KDP, NDAQ, STX, TPR, WOR, YUM
- Attempting to hold the 65 DMA: AEO, BAL, CPRI, IYJ, MOS, ORCL, PAG, QSR, VGK
- Up against the 28 DMA: CLX, SPXU
- Up against some rising trend line resistance: HRB, MMM
- Moderately overbought: CPB, CSCO, KR, QID, QRTEA, RGR, TTM
- Overbought: BBL, EMR, MED, RYE
- Toppy: ADM, BNS, CAT, $COPPER, CUT, CVY, GPC, IBM, KHC, LBAI, LIN, NOBL, NOV, NSC, NTR, OMC, PM, PPG, PRU, RY, RYE, SDY, SNA, TAP, USB, XOM, YYY
- 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