Signals: LDU July 30, 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 30, 2015

LDU July 30, 2015.

Yi: +5.8
A possible bottom here for: $GASO, $SILVER, MAT
Trying to bottom out: CORN and SUNE
Extremely oversold: PMPIX
Oversold: $GASO, $VIX, PTEN
Moderately oversold: $HGX, IP, MTH
Trying to hold the 65 DMA: FB
Trying to hold the 28 day: NAT
Up against the 28 day: CSIQ, GDDY, SCHD, WOR
Up against the 65 day: $DJW, AMD, CTB, CVY, EWA, INTC, TSL, WU
Moderately overbought: $SPX, F, IDA, SPWR, X
Overbought: XON
Extremely overbought: CVS
Toppy: SPPIX
A break out in either direction is on the way for: CSL
Anything posted here may be off base.

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