Signals: Weekend Update August 28, 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.

Sunday, August 28, 2016

Weekend Update August 28, 2016.

SPWR is trying to bottom out in this area.
SHLD and XON are moderately oversold.
FNDF, FXI and GF are attempting to hold the 65 day moving average.
FEU, GM, QLD and VOT are attempting to hold the 28 day moving average.
PAYX and PG are moderately overbought.
GPC, IP, MSFT and MSI are getting a bit toppy here.
PEGI, PFF and QCLN are setting up to break out in one direction or another.
Anything posted here may be off base depending on market conditions.

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