- Yi: + 43.18
- Attempting to bottom out: BITW, FAST, MJ, SLVO
- Extremely oversold: GOLD
- Oversold: APD, LBAI, PM
- Moderately oversold: MED, NFLX, TROW
- Trying to hold some rising trend line support: GPC, IVW, IWM, PAG, WHR
- Trying to hold some falling trend line support: ADM, AGX, CG, $CRB, CSX, ETN, NIB, UGA, VGK, VLY
- Attempting to hold the 28: GILD, $HGX, O, GPC
- Attempting to hold the 65: IQV, $NYA50R, TTM
- Up against the 65: DMA: AMAT
- Up against the 28: DWAC
- Up against falling trend line resistance: AEO, GBTC, YUM
- Moderately overbought: CLX, CPB, KHC, SPXU
- Toppy: FLO, MAIN, TAP
- ABEWISUF: HOOD, RS
- 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