Signals: LDU 3-31-2016

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.

Thursday, March 31, 2016

LDU 3-31-2016

Yi: +0.8
Now trying to bottom out: $UST30Y and $VIX
Standard oversold: QID
Moderately oversold: $USD
Attempting to hold the 65 DMA here: $WTIC and SYMC
Attempting to hold the 28 day: BA and DRI
Up against the 28 day: CREE and S
Moderately overbought: ARMH, COH, COST, CSCO, MED, MSFT, NUS, PEGI, PEP, SBUX
Standard overbought: CAT, CSL, CVS, GE, GLW, LOW, LPL, MCD, NCR, QLD, XLK
Toppy here: IJH, JNJ, MDY, RTH, T
A possible top here for: EFX, HD, FB, PFF
A break out in either direction is on the way for: ABX, EBAY, M
Anything posted here may be off base.

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