Signals: LDU 2-9-2016

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, February 9, 2016

LDU 2-9-2016

Yi: -5.8
Tying to bottom out now: $HGX, $SPX, C, CI, CNK, DUST, HD, SBUX
Extremely oversold: BAC, CHK, DB, EWI
Standard oversold: $NDX, $UST30Y, AIG, CI, DIS, EFX, IYG, IWM, NOV, RTH, WFC
Moderately oversold: $DJW, $XOI, CORN, CVS, CVY, FB, IJH, IJR, MDY, SMH, XLK
Attempting to hold the 65 DMA here: COH
Moderately overbought: $VIX
Extremely overbought: $GOLD
Toppy here: ABX, ASA, AU, CEF, DBP
A possible top here for: $DJGSP, $XAU, AEM
A break out in either direction is on the way for: AAPL
Anything posted here may be off base.

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