Signals: Late morning update for Feb. 17, 2009.

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.

Tuesday, February 17, 2009

Late morning update for Feb. 17, 2009.

Trying to bottom out in this general area: CSIQ and LEN
Attempting to hold the 28 day moving average here: IBM
Attempting to hold the 65 day moving average: ELN, JOSB, LPL, MKC, MTH, SHI, SSRI
Trying to break above the 28 day moving average: NAT, NST, WATG
A break out in either direction is on the way for: PNRA and TSL
Anything posted here may be off base.

Tuesday, February 17, 2009

Late morning update for Feb. 17, 2009.

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