Signals: T.A. Opinions for July 11, 2012.

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.

Wednesday, July 11, 2012

T.A. Opinions for July 11, 2012.

Yi: +6.45, +6.3, +8, +8.2, +8.6, +8.3, +7.65, +7.5, +7
Now trying to bottom out: HPQ
Extremely oversold: JCP
Moderately oversold: AU, C, FXI, GDX, GLW, GPC, IRF
Trying to hold some rising trendline support: $DJX, A, AAUKY, KBE
Attempting to hold the 65 DMA here: EGPT, EWA, EWJ, IYY, MBI
Attempting to hold the 28 day: EWI and $DJX
Up against the 65 day: $DJW-weekly
Up against some falling trendline resistance: $VIX
Moderately overbought: $BDI, $NYA50R-weekly, $USD, AAPL, CHK, GIS, KFT, LMT
A probable top here for: $HGX
Anything posted here may be off base, and there may be more opinions later.

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