- Yi: + 63.1
- Attempting to bottom out: TSM
- Oversold: BGS, BWA, NIB
- Moderately oversold: $COTTON
- Attempting to hold some rising trend line support: AIG, CBRL, NIB, $PLAT, PRU
- Attempting to hold some falling trend line support: AFL, BABA, CUT, GEF
- Up against the 65 DMA: MRK, TSLA, YETI
- Up against the 28 DMA: BBY
- Up against some falling trend line resistance: CAR, MAIN, PAYX
- Moderately overbought: AVAV, BIDU, HAP, HRL, IYE, RGR, RYE, SU
- Overbought: NTR
- Toppy: NTR
- 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.
Thank you for these daily Signals. Always gives me much to consider
ReplyDelete