Signals: T.A. update for the open, November 25, 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.

Wednesday, November 25, 2009

T.A. update for the open, November 25, 2009.

Yi: +4.4
Trying to bottom out in this area: RAIL, TLB, WFR
Extremely oversold here: WFR
Attempting to break above the 28 DMA: FUQI, KGC, NWL
Attempting to break above the 65 day: AEM
Moderately overbought now: LMT, QCOM, T
Average overbought: MKC
Extremely overbought: GLD and SEED
Toppy here: BMY, NEM, PAYX, RGLD, SLW
A possible top here for: KO
A probable top here for: CSIQ
Has gone parabolic: GLD
A break out in either direction is on the way for: BAC, C, UYG
Anything posted here may be off base.

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