Signals: Weekend Update August 13, 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.

Saturday, August 13, 2016

Weekend Update August 13, 2016.

Trying to bottom out at this level: DYN, PEG, QVCA, SPWR
Now moderately oversold: SHAK and Z
Attempting to hold the 28 DMA here: EROS, INTC, TSLA
Up against falling trend line resistance: MKC, NUGT, PAYX
Up against rising trend line resistance: EWI
Moderately overbought here: GT, IP, M, SU
Toppy here: CWI, EFV, FNDF, GF, NEM, SLW
A possible top may be in place for: GOOG, MSFT, MSI
A break out in either direction is on the way for: LOW, ORCL, PEP, VOT
Anything posted here could be off base, depending on market conditions.

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