Signals: LDU 1-12-2016

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.

Tuesday, January 12, 2016

LDU 1-12-2016

Yi: -2.6
Trying to bottom out: $DJW, $HGX, $NDX, AXP, BA, CREE, CSL, DIS, FEU, GT, HPQ, HSY, LEN, MET, MOS
Extremely oversold: AA, DBO, FCX
Oversold: $DJW, $HGX, $NYA50R, CSIQ, NEM
Moderately oversold: AIG, BMY, DM, HSY
Moderately overbought: M
Toppy: AU
Anything posted here may be off base.

Tuesday, January 12, 2016

LDU 1-12-2016

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