- Yi: +75.67
- Attempting to bottom out: AEO, FL, MTH, NTR, QLD, QQQ, SIL, YETI
- Oversold: CANE, IQV, MMC, MTH, QLD, VOT
- Moderately oversold: AMAT, AVGO, DBI, HD, $HGX, IWM, MCHP, MDC, TPR, WOLF, XLK
- Trying to hold some rising trend line support: CBRL, $HGX, KLIC, MDC, PAYX, TKR
- Trying to hold falling trend line support: CANE, COIN
- Attempting to hold the 28 DMA: ALEX, BBY, CIEN, FAST, IYJ, JNPR, MAIN, PPG, VGK, YUM
- Attempting to hold the 65 DMA: GT, $INDU, MKC, NOBL, RGR
- Up against falling trend line resistance: SPXU
- Moderately overbought: BEN, BGS, BIDU, $CRB, NYCB
- Overbought: CPB, PRU, USB, $XOI
- Toppy: BNS, BWA, CAT, CLX, CMI, HRL, LBAI, NYCB, OMC, RY, RYE, TD, UGA, XLE, XOM
- A break out either way is setting up for: PAG, XRX
- 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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