Signals: Late Day Update July 10, 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.

Friday, July 10, 2015

Late Day Update July 10, 2015.

Yi: +5.3
Trying to bottom out: $CRB, $SILVER, $WTIC, $XOI, AXP, B, CAT, COH, CU, F, FCX, GM, GPC, GT
Extremely oversold: EGO and JNUG
Oversold: $NYA50R, IP, JOY
Moderately oversold: AAPL, FXF, INTC
Up against the 28 DMA: CHK
Toppy: JDST
Anything posted here may be off base.

Friday, July 10, 2015

Late Day Update July 10, 2015.

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