- Yi: +70.22
- Attempting to bottom out: LMT, MANT, OLLI
- Oversold: MED, OLLI, SPWR
- Moderately oversold: FCX, GLW, NUS, QCLN, TSM, WOR, XLE, XLY, $XOI
- Trying to hold some rising trend line support: MOS, QCLN, VOX
- Attempting to hold the 28 DMA: AGX, CAT, CC, CVY, $HGX, MOS, $NDX, NTAP, QLD, RS, TPR, USB, VLY, VOT, XLNX, YETI
- Attempting to hold the 65 DMA: COIN, EFV, MCHP, NTR, PAG, $SPX, STX, TUP, $UST30Y, UYG, WHR
- Up against the 65 DMA: CL
- Up against the 28 DMA: CPB
- Up against some falling trend line resistance: KHC, UUP, VXX
- Up against some rising trend line resistance: IDA
- Moderately overbought: D, IQV, IWM, PM, $USD
- Overbought: A, MSI, PAYX, SCHD
- Toppy: ADM, AIG, CANE, $COTTON, CVS, ETN, $INDU, NDAQ, NOBL, NSC, O, PEG, SDY, $SPX
- A break out either way is on the way for: NEM
- Anything posted 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