Signals: LDU August 1, 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.

Monday, August 1, 2016

LDU August 1, 2016.

Yi: +5.6
A possible bottom may be in place for: $CRB
Trying to bottom out: CSIQ, CVS, CWI, $GASO, WEAT, $WTIC
At the average oversold level now: DYN
Moderately oversold now: IYE, MCD, MTH
Attempting to hold the 65 DMA here: SGG
Up against falling trend line resistance: DRI
Moderately overbought now: GLDI, MED, MSI
At the average overbought level now: B, BGS, GOOG, PTM
Toppy here: IP
A possible top may be in place for: IYG
A break out in either direction is on the way for: CANE
Anything posted here may be off base

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