- Yogi Index: +69.15
Attempting to bottom out: AEO, ALV, AMAT, DWAC, HBI, PPLT, TKR, WHR
Oversold: BEN, CBRL, GS, HBI, MDC, MS, TPR
Moderately oversold: COIN, CSX, ETN, GT, IR, ITW, IWM, IYG, KLIC, M, MARA, MCHP, MGA, MU, OMC, TAP, TSM, $WTIC
Trying to hold some rising trend line support: ORCL, UGA - Trying to hold some falling trend line support: CBRL
Trying to hold the 28 DMA: AVGO, BITO, CAR, CAT, EMR, ETHE,
IBM, JACK, $NDX, $NYA50R, PRU, QLD, SU, TROW, TUP, TXN, UYG, XLK
Trying to hold the 65 DMA: AIG, IP, IVW, QQQ, SPX, STLD
Up against the 65 DMA: QID, SPXU
Moderately overbought: MKC
Overbought: D, 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.
No comments:
Post a Comment