Signals: April 2014

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, April 23, 2014

Late day update for 4-23-2014.

Yi: +7.2
Trying to bottom out: $BDI, $PLAT, CDE
Moderately oversold: $DJGSP, $GOLD, $HGX, $PLAT, $VXO, DGP
Up against the 28 day moving average: A, AAPL, ANF, BMY
Moderately overbought now: CSCO, CSL, DDM, DSLV, EEFT, EFV, EGPT
Toppy here: $XOI
Anything posted here may be off base.

Tuesday, April 22, 2014

Late day update for April 22, 2014.

Yi: +6.6, +6.9, +7.4
Trying to bottom out: $VIX, $XAU, ABX
Extremely oversold: $BDI, CDE
Oversold: AEM, CLF
Attempting to hold the 65 DMA: AU
Up against the 65 day: BA, C
Moderately overbought: $OEX, $SPX, BLL, CHK
Overbought: $XOI, AA
Toppy here: $GASO, ATI
A break out in either direction is on the way for: AAUKY
Anything posted here may be off base.

Friday, April 18, 2014

Late day update 4-18-2014.

Yi: +8.5, +7.3, +6.3, +6.6, +7.4, +5.6, +5, +5.3, +5.9, +6.4
Trying to bottom out: BMY
Extremely oversold: $BDI
Moderately oversold: AAPL, AEM
Moderately overbought: $DJX. $OEX, $SPX
Anything posted here could be off base.