Signals: LDU 12-18-2015

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.

Friday, December 18, 2015

LDU 12-18-2015

Yi: +1.5
A possible bottom here for: CORN and DYN
Now trying to bottom out: $BDI, CHK, RGLD, SLW, SU
Extremely oversold: $BDI, DBC, DBO. M, RJI
Oversold: CAT, JCP, SHAK, TKR
Moderately oversold: $DJGSP, AEM, LEN, NCR, NEM, NUGT, ROK, SHLD, SUNE
Attempting to hold the 28 DMA here: CSL and LPL
Up against the 28 day: EWA
Up against the 65 day: $FXT
Moderately overbought: IDA, NUS, Q, QCLD, TSLA
Toppy here: NTES
A possible top here for: AVAV
A break out in either direction is on the way for: AU and JDST
Anything posted here may be off base.

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