Signals: LDU 11-4-2015

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 4, 2015

LDU 11-4-2015

Yi: +2.6
Now attempting to bottom out: $COPPER and $NDX
Moderately oversold: BGS, EGPT, HSY
Attampting to hold the 65 DMA here: BLL
Up against the 65 DMA: ATI, CSL, CU, JWN
Moderately overbought: $XOI, AMCC, AMD, COH, CSIQ, DM, JDST, JPM, MED, NCR
Overbought: GPC, MAT, NOK
Extremely overbought: $SPX50R
Toppy here: $DJW, $NDX, COST, DIS, MMC
A possible top here for: $BPSPX and AAPL
A break out in either direction is on the way for: EFV, FEU, FNDF
Anything posted here may be off base.

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