Signals: T.A. update for March 10, 2011.

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 10, 2011

T.A. update for March 10, 2011.

Yi: +9.5
A possible bottom here for: AVP and DM
Extremely oversold: ENER
Standard oversold: CSCO and EGO
Now trying to hold some rising trendline support: $PLAT, $XOI, CHK, GG
Attempting to hold the 65 DMA here: IRF and NFLX
Up against the 28 DMA here: $HGX
Up against some falling trendline resistance: ACH, BAC, EGPT, PHI
Up against the 65 DMA here: BBT and PEP
Moderately overbought now: AXP, GIS, JCP, LOW
Standard overbought: AVAV and BA
A break out in either direction is on the way for: AA, BLL, FAZ, LEN
Anything posted here may be off base.

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