- Yi: +68.45
- Attempting to bottom out: CAR, $HGX, KHC, MKC, QID
- Extremely oversold: CNK, SPXU
- At the average oversold level: GME, UIS
- Moderately oversold: ADM, ATI, BEN, BGS, GIS, IBM, IWM, IYE, LMT, MED, QCLN, RYE, SPWR, VFC, XLE
- Trying to hold some rising trend line support: CG, MTSI, UIS, YETI
- Trying to hold some falling trend line support: CBRL, JACK, MGA, XOM
- Attempting to hold the 65 DMA: A, WY
- Attempting to hold the 28 DMA: IQV, VOT, VOX
- Up against the 28 DMA: BABA, CORN, DBA, RY
- Up against the 65 DMA: CVS
- Up against some falling trend line resistance: USB
- Moderately overbought: BAL, $COFFEE, $COTTON, $GOLD, JO, $PLAT, PPLT, SOYB
- Toppy: $SPX, XLK
- Possible top here for: $NDX, ORCL, QLD, QQQ
- A break out either way is setting up for: HRB, OLLI, PAG, PCRFY, TTM
- 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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