Signals: Early Morning Update July 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.

Friday, July 8, 2016

Early Morning Update July 8, 2016.

Up against falling trend line resistance: SCHB
Moderately overbought: TSL and WFM
Toppy here: SLW and SYY
A possible top here for: SIVR, SLV, UGLD
A break out in either direction is on the way for: SHLD
And as is always the case of course, anything posted here may be off base depending on market conditions.

Friday, July 8, 2016

Early Morning Update July 8, 2016.

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