Signals: LDU 11-20-2015

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.

Friday, November 20, 2015

LDU 11-20-2015

Yi: +1.2
A possible bottom here for: $GOLD, $PLAT, $SILVER
Now trying to bottom out: HSNI
Extremely oversold: $CRB
Oversold: QCOM
Attempting to hold the 65 DMA here: $VIX, DUST, JDST
Up against the 28 day: AA, AEM, CSL, CWI, EFV, F, FEU, FNDF, GF, GFI, IP
Up against the 65 DMA here: AXP, NEM, PEG
Moderately overbought: $NDX, $SPX, AAPL, BA, GT, INTC, JPM, MSFT, O
Overbought: RAIL
Toppy here: O
A possible top here for: $USD, COST, MSI
A break out is on the way for: JOY
Anything posted here may be off base.

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