Signals: LDU 11-18-2015

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.

Wednesday, November 18, 2015

LDU 11-18-2015

Yi: +1.2
A possible bottom here for: ATI, CEF, DB, I, JNUG
Now trying to bottom out: $GASO, $WTIC, ANF, CORN, CU, EGPT, EROS, HSY
Extremely oversold: ASA, AU, CDE, CHK, GFI
Oversold: $DJGSP, AU, CMG, DBC, GDX, GG, HSNI, IAU, NUGT, NUS, PEGI, QCLN
Moderately oversold: ABX, AEM, CSIQ, IDA, IP
Attempting to hold the 65 DMA here: BA and CNK
Attempting to hold the 28 day: $BPSPX
Up against the 65 day: $XOI
Moderately overbought: DUST, JDST, NFLX
A break out in either direction is on the way for: NAT
Anything posted here may be off base.

No comments:

Subscribe to: Post Comments (Atom)