Signals: LDU October 27, 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.

Tuesday, October 27, 2015

LDU October 27, 2015.

Yi: +1.3
Trying to bottom out: EROS and JDST
Extremely oversold: P
Oversold: AA, DYN, M, OIL, USO
Moderately oversold: JWN, PEG, SHLD, VFC, WSO, X
Attempting to hold the 65 DMA here: ABX and IAU
Attempting to hold the 28 day: ASA, AU, CEF, CU, DBP, XLE
Up against the 65 day: SHAK and USB
Moderately overbought: PYPL and UUP
Overbought: MCD
Toppy here: $DJW, $SPX, $USD, CSCO, GDDY, GPC, GT, LOW, PAYX, UYG, V, WOR
A break out either in either direction is on the way for: GFI
Anything posted here may be off base.

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