Signals: Late Day Update for: May 12, 2015.

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, May 12, 2015

Late Day Update for: May 12, 2015.

Yi: +7.7, +7.2
Trying to bottom out: CORN
Moderately oversold: $XOI, IDA, MTH, NUS, SU
Attempting to hold the 65 DMA here: $GASO, AA, DBC, DBO, OIL, UGA, USO
Attempting to hold the 28 day: DIS and GE
Up against the 65 day: $HGX, $NDX, BA, TKR
Up against the 28 day: AVAV
Moderately overbought: ARMH, BAC, BMY, CSCO, CSIQ, GT, JOY, PTEN, V, ZNGA
Overbought: ATI, JPM, UGP
A possible top here for: AIG
Toppy here: SEE
A break out is on the way for: $GOLD, $SILVER, CEF, DBP, PEG, QCOM, WOR
Anything posted here may be off base.

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