Signals: LDU August 17, 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, August 17, 2016

LDU August 17, 2016.

Yi: +6.0
Tying to bottom out: DF and SBUX
At the average oversold level: CREE
Moderately oversold: AGQ, AU, JJN
Trying to hold rising trend line support: ABX and $DJW
Attempting to hold the 65 DMA here: FB
Attempting to hold the 28 DMA here: $XAU
Up against falling trend line resistance: C and CHK
Moderately overbought: BA and $CRB
At the average overbought level: AAPL
Toppy here: ANF, BWA, CIEN, CVGRX, CSCO
A possible top may be forming here for: AVP and $FXT
A break out in either direction is on the way for: $SILVER
Anything posted here may be off base.

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