Signals: T.A. Update for tomorrow's open.

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, April 25, 2016

T.A. Update for tomorrow's open.

Yi: +0.9
A possible bottom here for: STX
Average oversold: NTES and XON
Moderately oversold: CMG, COST, FXF, GOOG, IDA, MKC, MSFT, PHI, SBUX
Attempting to hold the 65 DMA here: HPQ and XLY
Attempting to hold the 28 day: HD, LOW, MCD, VOX, WOR
Moderately overbought: EROS, QCOM, USL, Z
Toppy here: BAC, C, CVY, IP, IYE, PEGI, PFF, $PLAT, PYPL, SHLD, SIVR, XLE, $XOI
A possible top here for: MET, PTEN, QCLN, YYY
A break out in either direction is on the way for: BA and RGR
Anything posted here may be off base.

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