Signals: Late Day Update October 15, 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, October 15, 2015

Late Day Update October 15, 2015.

Yi: 0
Now trying to bottom out: TSLA and UUP
Extremely oversold: DUST
Oversold: EXP
Moderately oversold: $GASO, $HGX, AKAM, SWK
Attempting to hold the 65 DMA here: FNDB, GF, PBW, PTEN
Attempting to hold the 28 day: AVAV, GPC, IWM, LMT, MMC, NAT, ROK, SHLD, USO
Moderately overbought: DBA and DGP
Overbought: GG, GLTR, IAU, UGLD
Extremely overbought: SNDK
Toppy here: $DJGSP and $XAU
A break out in either direction is on the way for: AAPL and CAT
Anything posted here may be totally off base.

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