Signals: Late Day Update June 23, 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, June 23, 2016

Late Day Update June 23, 2016.

Yi: +3.9
Trying to bottom out: CORN, NFLX, Q, WFM
At the average oversold level: TSLA
Attempting to hold the 65 DMA here: IDA
Attempting to hold the 28 day: HPQ, IAU, UGLD
Up against the 65 day: MSFT, TSL, USO
Up against the 28 day: UGA
Moderately overbought now: $COPPER, FEU, FNDF, LPL, NOV, PEGI
At the average overbought level: S
Toppy here: COST and HSY
A break out in either direction is on the way for: SLW
Anything posted here may be off base, depending on market conditions of course.

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