Signals: Late Day Update August 13, 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, August 13, 2015

Late Day Update August 13, 2015.

Yi: +2.5
Trying to bottom out: CNK, DIS, MTH, PHI, SUNE, TSLA, XON
Extremely oversold: WFM
Oversold: BMY, JDST, Z
Moderately oversold: $DJW, C, CORN, CVS, DUST, PYPL
Trying to hold the 65 DMA here: VFC
Trying to hold the 28 day: FB, PEP, V, X
Up against the 28 day: $XAU, $XOI, ABX, AU, NUGT, RGLD, UGLD, XLE
Up against the 65 day: UGA
Moderately overbought: ASA, CLF, GG, RAIL, SHLD, SIVR, SLV, SU, SYY
Overbought: $HGX
A break out in either direction is on the way for: IP
Anything posted here may be off base.

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