Signals: T.A. update for the open, February 26, 2010.

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, February 26, 2010

T.A. update for the open, February 26, 2010.

Yi: +3.63
A possible bottom here for: ENER
Trying to bottom out in this area: ABX, EGO, GOOG, SU, T, TAN, WFR
Oversold: SU, TAN, TOT, WDC
Moderately oversold now: AVAV, CTB, GF, KO, LPL, MOT, PEG, TSL, TSM, WDC
Attempting to hold the 65 DMA here: V
Attempting to hold the 28 DMA here: RJA and STX
Trying to break above the 28 DMA here: PGM
Trying to break above some falling trendline resistance: PBW
Moderately overbought: MEOH, MMC, RAIL, RBS
A break out in either direction is on the way for: EWJ
Anything posted here may be off base.

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