Signals: LDU July 27, 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.

Wednesday, July 27, 2016

LDU July 27, 2016.

Yi: +5.4
A possiblr bottom may be in place for: NIB and SOYB
Now trying to bottom out: JJG
At the average overdold level: $CRB
Moderately oversold: DIS, DRI, $WTIC
Trying to hold rising trend line support: $GOLD
Attempting to hold the 65 DMA here: $COPPER, DF, $PLAT
Up against falling trend line resistance: CTB
Up against the 28 DMA here: CSIQ
Moderately overbought: BA, BWA, CIEN, CTB
At the average overbought level: ATI
Toppy here: AMCC, CLF, CSCO, SBUX
A possible top may be in place for: CAR and SMH
Anything posted here may be off base.

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