Signals: December 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, December 26, 2012

Late day update for December 26, 2012.

Yi: +8.3
Now trying to bottom out: $GOLD, $PLAT, $SILVER, $XAU, EGO, FAZ
Oversold: $BDI and $SILVER
Moderately oversold: CAKE
Attempting to hold the 65 DMA here: $GOLD-weekly, $WTIC, AUQ, ELY
Attempting to hold the 28 day: CTB
Trying to hold some rising trendline support: CAT and FB
Moderately overbought: $DJW-weekly and $NYA50R
Overbought: EWI
Anything posted may be off base.

Monday, December 24, 2012

Update

The market $OEX and $SPX is trying to hold some rising trendline support here.

Friday, December 21, 2012

Late day update for December 21, 2012.

Yi: +7.8, +7.8, +7.5, +7.4, +7.5, +7.7, +7.9, +7.9, +8.6, +8.7, +8.2, +7.9, +8.8, +9.5, +9, +9.3, +8.8
Oversold: $BDI and AGQ
Moderately oversold: $DJGSP, $GOLD, $SILVER, $USD, $XAU, AAPL, ABX, AEM
Up against the 65 DMA here: B
Moderaly overbought: $HGX, $IIX, $NYA50R, $PLAT, $SPX, $XOI, A, AAUKY, ACAS, AMAT, ATI, BA
Overbought: AKAM and ARMH
A possible top here for: $DJW
A break out in either direction is on the way for: $CRB
Anything posted here may be off base.

Wednesday, December 12, 2012

The market getting overdue for a correction again.

The $OEX index is now up against the 65 day moving average here, so the market is moderately overbought and may be due for another correction fairly soon.