Signals: LDU August 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.

Monday, August 22, 2016

LDU August 22, 2016.

Yi: +6.0
CLF, CMG, DF and $USD are trying to bottom out.
PTF is moderately oversold.
GDDY is attempting to hold the 65 day moving average.
EWA, EWI, FEU and GFI are attempting to hold the 28 day moving average.
DBA and BAC are up against falling trend line resistance.
$BDI is up against the 28 day moving average.
GPC is moderately overbought.
$WTIC is overbought.
ANF and IYG are a bit toppy here.
$GOLD and COST are getting ready to break out in one direction or another.
Anything posted here may be off base depending on market conditions.

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