Signals: LDU 12-28-2015

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.

Monday, December 28, 2015

LDU 12-28-2015

Yi: +2.6
Moderately oversold: DUST, JDST, EBAY
Attempting to hold the 65 DMS here: QLD
Attempting to hold the 28 day: TSLA
Up against the 28 day: $CRB, $DJW, $FXT, DYN, FEU, I, MDLOX, SU
Up against the 65 day: $NYA50R, $WTIC, AIG, AXP, MSI, MTH, UYG, VOT
Moderately overbought: EWA, PEGI, PFF, PYPL, STX, TSL, VOX, WOR
Toppy here: AVAV and CSIQ
A possible top here for: SPWR
A break out in either direction is on the way for: BMY, COST, JPM
Anything posted here may be off base at times.

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