Signals: Late day update for August 20, 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.

Tuesday, August 20, 2013

Late day update for August 20, 2013.

Yi: +7.4
Oversold: ZSL
Moderately oversold: SCHC, SNDK, STX, UYG, V, VOX, WY, XLU
Attempting to hold the 65 DMA here: SCHA, SCHM, VBR, VOT, WDC, WFC, WOR, WSO, X, XLY, XOP
Attempting to hold the 28 day: SEE
Up against the 65 day: RJA
A bit toppy here: SIVR
Anything posted here may be way off base.

Tuesday, August 20, 2013

Late day update for August 20, 2013.

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