Signals: T.A. update for the open, March 11, 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.

Thursday, March 11, 2010

T.A. update for the open, March 11, 2010.

Yi: +5.75
Now moderately oversold: BPZ
Trying to hold some rising trendline support: AEM, CAT, JASO, SLW
Now up against rising trendline resistance: A
Trying to break above some falling trendline resistance: $VIX, CSIQ, TSL
Attempting to break above the 65 DMA here: LDK, SPWRA, TSM
Moderately overbought: $HGX, C, EWA, EXP, FUQI, GE, GMR, MBI, NAT
Overbought: ACF, B, CSL, KBE, PTR, QLD, QQQQ
Toppy here: $HGX, CSCO, EWA, IRF, LMT, MEOH, MKC, TIE, URE
A possible top here for: ACAS
Has gone parabolic: CNK
A break out in either direction is on the way for: GPC and PGM
Anything posted here may be off base.

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