Signals: LDU 10-29-15

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 29, 2015

LDU 10-29-15

Yi: +2
Now trying to bottom out: $CRB, $WTIC, CDE, CSL, DYN, LPL, RJI
Oversold: FXF and HSY
Moderately oversold now: GG, MTH, PEG, RAIL, RYE
Attempting to hold the 65 DMA here: DM and FNDF
Attempting to hold the 28 day: CU and IDA
Up against the 65 day: DBO, NFLX, OIL
Moderately overbought now: AVAV, BAC, GLW, HSNI, JPM, MMC, S
Overbought: AIG
Toppy here: BMY
A possible top here for: PAYX
A break out in either direction is on the way for: JOY, PMPIX, QCLN
Anything posted here may be off base.

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