Signals: LDU July 22, 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 22, 2016

LDU July 22, 2016.

Yi: +5.8
A possible bottom is in place for: JJG and WEAT
Now trying to bottom out: CORN, DBA, NAT
At the average oversold level: CORN, DBA, NIB, SOYB
Moderately oversold: GG
Trying to hold rising trend line support: $GOLD
Attempting to hold the 65 DMA here: LOW and $SILVER
Attempting to hold the 28 DMA here: BGS and IYE
Up against the 28 day moving average: DB
Moderately overbought: SBUX
Toppy here: BAC, CAT, F, MET
A break out in either direction is on the way for: FEU and FNDF
Anything posted here may be off base.

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