Signals: Late Day Update October 8, 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 8, 2015

Late Day Update October 8, 2015.

Yi: -0.6
Now trying to hold the 65 day moving average: CLF
Up against the 28 day: AAUKY
Moderately overbought: $CRB, $FXT, $GOLD, $SILVER, $WTIC, ACH, ASA, AU, CEF, COPX
A bit toppy here: $XAU
Anything posted here could be in error.

Thursday, October 8, 2015

Late Day Update October 8, 2015.

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