- Yi: +65.14
- Attempting to bottom out in this area: CL, CLX, CSX, PEG, WEC, WU
- At the average oversold level: QID
- Moderately oversold: APD and CORN
- Trying to hold some falling trend line support: QID
- Up against the 65 DMA: FCX, KSS, MJ, PG, SWK, TPR, VLY, Z
- Up against the 28 DMA: AGX, B, BAC, BBL, CC, FLR, GS, MGA, RRGB, UYG, VGK
- Up against some falling trend line resistance: AMAT, BA, COPX, $COTTON, PBI, TUP, TXN
- Moderately overbought: AXP, ETN, DBI, FSLI, IWM, KLIC, M, QCOM, SMH, STMP, UGA, V
- At the average overbought level: PYPL and TROW
- Extremely overbought: LPI
- Toppy: $GASO, PYPL, RGR, LPI
- A break out either way is setting up for: CAR, $HGX, ORCL, $USD, WY
- 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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