Signals: T.A. update for the open, November 20, 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.

Friday, November 20, 2009

T.A. update for the open, November 20, 2009.

Yi: +4
Trying to bottom out: $VIX
Average oversold: PBY
Moderately oversold: MMC and NTES
Attempting to hold the 65 DMA here: MOT and PLL
Attempting to hold the 28 day: CAT and PTR
Attempting to break above the 28 day: ACAS, BPOP, KBE
Attempting to break above the 65 day: ELN and LDK
Average overbought now: NAT
Toppy here: AXP, SLV, TKR
Has gone "parabolic": TSL
A break out in either direction is on the way for: BBT, SDTH, UYG
Anything posted here may be off base.

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