Signals: January 2013

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, January 24, 2013

Market overbought here.

The market is now "officially" overbought here once again, and due for some type of correction. YZ

Thursday, January 17, 2013

Late day update for January 17, 2013.

Yi: +7.7, +7, +8.3, +9.6, +9.4, +9.9, +9, +9.4, +9.5, +10, +10, +9.9. +10, +10
Now trying to bottom out: $GOLD, AGQ, AAPL
Oversold: $VIX
Moderately oversold: PEG and VZ
Trying to hold some rising trendline support here: FXI
Attempting to hold the 65 DMA: CLF, MMC, UGA
Attempting to hold the 28 day: AA, EGPT, FCX, NFLX, VOX, WSO, X
Up against the 28 day: $SILVER, AGQ, CORN, DGP
Up against the 65 day: RJA
Moderately overbought: PHI
Overbought: $NYA50R-weekly, $PLAT, WDC
Extremely overbought: $NYA50R
Toppy here: $DJW, $DJX, IIX, $SPX, BGS, DDM, EEFT, EFV, EWI, WDC
A possible top here for: ACAS
A break out in either direction is on the way for: ABX and MED
Anything posted here may be off base.