Signals: T.A. update for April 9, 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, April 9, 2010

T.A. update for April 9, 2010.

Yi: +7.6
Moderately oversold: AVAV and MTH
Trying to hold some rising trendline support: $GASO, DVY, URE, USD, WY
Attempting to hold the 65 DMA here: CTB, MFE, PAYX, PG
Attempting to hold the 28 day: $HGX, A, UGA
Up against rising trendline resistance: B and PBW
Trying to break above some falling trendline resistance: RJA
Attempting to break above the 65 DMA: TAN
Moderately overbought: $GOLD, $USD, FSLR, GG, LDK, TSL
Extremely overbought: $PLAT
Toppy here: BBT and BPOP
Anything posted here may not be entirely accurate.

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