Signals: Late Day Update July 23, 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.

Thursday, July 23, 2015

Late Day Update July 23, 2015.

+5.7
Trying to bottom out: $PLAT, $SILVER, ATI, GLW, NUS, PTEN
Extremely oversold: COH
Oversold: CAT, INTC, PEGI
Moderately oversold: ANF, GPC, MOS
Trying to hold the 65 DMA: $DJW, BMY, HSY
Trying to hold the 28 day: CORN and FEU
Up against the 28 day: AAPL and IP
Moderately overbought: BAC, JPM, MSI
Overbought: COST
Extremely overbought: CMG
Toppy: C and NAT
A break out in either direction is on the way for: FXI and MKC
Anything posted here may be off base.

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