Signals: LDU 3-8-2016

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, March 8, 2016

LDU 3-8-2016

Yi: -2.2
Now trying to bottom out: $VIX and DUST
Moderately oversold: CREE
Attempting to hold the 65 DMA: $USD and CTB
Moderately overbought now: $COPPER, DBC, DIS
Standard overbought: CAKE
Toppy here: $DJW, $FXT, $HGX, $SPX, $XAU, ABX, CVY, DBP, IJH, IYJ, IWM, MDY, SMH
Anything posted here may be off base.

Tuesday, March 8, 2016

LDU 3-8-2016

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