Signals: T.A. update for March 8, 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.

Tuesday, March 8, 2011

T.A. update for March 8, 2011.

Yi: +8.45
A probable bottom here for: UUP
A possible bottom here for: NOK and PBY
Now trying to bottom out: $USD, HCBK, PG
Standard oversold: SEED
Moderately oversold: BBT, CSIQ, GOOG, HOGS, IP, PBW, SLE, SNDK, TAN, X, YGE
Now trying to hold some rising trendline support: PTEN
Attempting to hold the 65 DMA here: AA, LEN, PGM, SEE, WFR
Attempting to hold the 28 day: GTSO, PAYX, RJZ, ROK
Trying to hold falling trendline support: EEFT
Up against falling trendline resistance: MBI
Up against the 65 DMA here: NAT and STX
Moderately overbought now: AAPL, BMY, DPS, WDC
Standard overbought: A
Extremely overbought: $WTIC and HIT
Toppy here: GF, GG, SLW
A possible top here for: $GASO
Anything posted here may be off base.

No comments:

Subscribe to: Post Comments (Atom)