Signals: Late Night Update June 2, 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 2, 2016

Late Night Update June 2, 2016.

Yi: +2.9
Trying to bottom out here: $SILVER, SIVR, SLV, TSL
Moderately oversold now: BA, CMG, DIS, FCX, MCD
Attempting to hold the 65 day moving average here: EFV, EWI, FNDF, RAIL
Up against the 65 day now: RGLD
Up against the 28 day: DM, EGPT, SPWR, UGA
Moderately overbought: AVAV, CORN, COST, PFF
Average overbought: P and WFM
A break out in either direction is on the way for: AEM, NEM, SEE, SLW
And of course as is always the case, anything posted here may be way off base.

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