- Yi: + 54.15
- Attempting to bottom out: ETHE, GBTC
- Moderately oversold: QID
- Attempting to hold some rising trend line support: MJ
- Attempting to hold the 65 DMA: MRK
- Up against the 65: BITQ, COIN, KODK, MAIN, RIOT, TSLA
- Up against the 28: AIG, $COPPER, F, FAST, $GOLD, IVW, JJN, KR, NDAQ, $NDX, NIB, NTAP, PRU, QLD, TSN, VOT, WBD
- Up against some falling trend line resistance: GLW, HD, $HGX, MDC, WHR, YUM
- Moderately overbought: AMAT, APD, AVAV, CAT, CL, COPX, CVY, FLR, GS, HAP, HNI, IBM, $INDU, IYG, IYJ, JWN, MCHP, MET, MGA, MS, $NYA50R, PICK, SDY, SPWR, TPR, TXN, USB, UYG, VALE, VGK, VLY, $WTIC, YUMC, YYY
- Overbought: IYE, OIL, XLE
- Toppy: AGX, $CRB, $GASO, HRB, IR, XOM
- Setting up for a break out either way: CPB
- Anything posted here 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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