- Yi: +62.75
- Trying to bottom out: GILD, SPXU, QID, UUP
- Oversold: BCO
- Moderately oversold: BMY, DBI, GEF, HD, PAG, PEG, PPLT, UNH
- Attempting to hold some rising trend line support: CSX, FAST
- Attempting to hold some falling trend line support: MTH, TPR
- Attempting to hold the 28 DMA: CSCO, FCX, FL, GPC, SLV, VOT
- Attempting to hold the 65 DMA: $NDX, NEM, QQQ
- Up against the 65 DMA: LTCN
- Up against the 28 DMA: WU
- Up against some falling trend line resistance: CPB, STMP
- Up against some rising trend line resistance: EMR, IYE, XLE
- Moderately overbought: BWA, IYE, NYCB, O, PBI, REMX, RYE, TAP, UIS, $WTIC, XLE, $XOI
- Overbought: CIEN, GME, RSX
- Toppy: AIG, AMAT, AVGO, $CRB, FRDM, KLIC, LBAI, MANT, NTR, NUS, VNO, VOX, YYY
- A break out either way is setting up for: TD
- 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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