Signals: Early Morning Update 11-14-2016.

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, November 14, 2016

Early Morning Update 11-14-2016.

P is attempting to bottom out in this area.
FXI, JNUG and O are at the average oversold level.
MKC, NTES, PEP and PG are moderately oversold.
GOOG is attempting to hold falling trend line support.
HSY and NFLX are attempting to hold the 28 DMA here.
LOW is up against falling trend line resistance.
HSNI and IP are up against the 28 day.
GE, GPC, M, MMC and MOS are moderately overbought.
FCX and JPM are at the average overbought level.
MET is toppy here.
Anything posted may be off base.

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