Signals: For the open of June 30, 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.

Monday, June 30, 2014

For the open of June 30, 2014.

Yi: +9.5, +9.7, +9.6, +9.6
Now trying to bottom out: CORN and ELY
Extremely oversold: DB
Oversold: DSLV
Moderately oversold: EGPT and IBM
Attempting to hold the 65 DMA here: AVP, GE, GF, LMT
Attempting to hold the 28 day: CREE, EFV, FEU, IRF, KRFT, ROK, SCHF, SWK
Up against the 28 day: AAPL
Up against the 65 day: BMY
Moderately overbought: CDE, GLW, SHI, SLV, WOR
Overbought: $CRB, $DJGSP, F, FB, NTES, WY
A break out in either direction is on the way for: AVAV, JCP, MCD, TSL, XON
Anything posted here may be off base.

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