- Yi: + 60.45
- Attempting to bottom out: A, AEO, AMAT, AMP, APD, AVAV, BITQ, BITW, BNS, COIN, CSCO, ETCG, ETHE, GBTC, GOLD, HBI, HOOD, IR, ITW, IYG, IYJ, JACK, KLIC, LBAI, MARA, MJ, MS, MU, NDAQ, $NDX, NFLX, NTAP, NUS, $NYA50R, ORCL, PHG, QLD, RY, SIL, TD, TSLA, TSM, TUP, UYG, VFC, VGK, VOT, WOLF, XMMO, YYY
- Moderately oversold: JNPR, JO, RGR
- Trying to hold some rising trend line support: GILD, TWTR, UNG, WOLF
- Trying to hold some falling trend line support: TROW
- Attempting to hold the 28 DMA: GILD, PEG
- Attempting to hold the 65 DMA: BGS, FLO, FLR, MCHP
- Up against the 28 DMA: FAST, IYE, RYE, XLE, $XOI
- Up against some falling trend line resistance: FB, HD
- A break out either way is on the way for: MED, $PLAT, WEC
- Anything posted may be in error.
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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