- Yi: + 66.95
- Attempting to bottom out: A, AGX, AMAT, AVGO, BIDU, BITQ, COIN, CSCO, ETCG, FB, KLIC, MU, NFLX, PHG, TD, TROW, YYY
- Moderately oversold: ORCL
- Trying to hold some rising trend line support: LMT, NVS
- Attempting to hold the 28 D.M.A.: NUS
- Attempting to hold the 65 D.M.A.: CLX, PAYX, $SUGAR
- Up against the 65 D.M.A.: FLO
- Up against the 28 D.M.A.: ALV, CMI, HNI, UYG
- Up against some falling trend line resistance: CVY, MAN, PAG
- Up against some rising trend line resistance: RYE
- Moderately overbought: AIG, SU
- Toppy: ARM, FLR, HAP, IYE, NEM, NTR, SLVO, UNG, USOI, WEAT, XLE, XOM
- Anything posted on these pages 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