Signals: Update based on EOD June 12, 2008.

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.

Friday, June 13, 2008

Update based on EOD June 12, 2008.

YI: -1
Possible bottom here for: BPOP
Trying to bottom out in this area: CBK, CY, IFN, SEE, TTH, UN, and VFC
Extremely oversold now: MER
Standard oversold: ACAS, EBAY, EWI, and EXP
Moderately oversold: AEM, GF, GG, IBM, IWM, QQQQ, SVU, and SYY
Trying to hold some rising trend line support: ADP, EWJ, and FRO
Trying to hold falling trend line support: ABX, ACH, ASA, DVY, GLD, GM, and WSO
Moderately overbought: TLB
Toppy here: PEG
Anything posted here may be off base.

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