Signals: T.A. update for the open, March 25, 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 25, 2010

T.A. update for the open, March 25, 2010.

Yi: +6.77
Now trying to bottom out in this area: CHK
Trying to hold some rising trendline support: CBK, EGO, NEM, PHI
Attempting to hold the 65 DMA here: GMR and MFE
Attempting to hold the 28 day: ACAS, GOOG, PG
Up against rising trendline resistance: $HGX and GE
Now trying to break above some falling trendline resistance: JASO
Moderately overbought now: CAT, DELL, LEN, MBI
Overbought: $DJX and BMY
Extremely overbought: B
A possible top here for: ARM
Anything posted here may be off base.

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