Signals: Early Morning Update 11-24-2016.

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.

Thursday, November 24, 2016

Early Morning Update 11-24-2016.

CSIQ, JNJ and QID are attempting to bottom out in this area.
CEF, GFI and PHI are extremely oversold.
CVS and $VIX are at the average oversold level.
EROS and JNJ are moderately oversold.
SYMC is up against falling trend line resistance.
COST is up against rising trend line resistance.
NFLX and O are up against the 65 DMA here.
TSLA and YYY are up against the 28 day.
GPC, HSNI, JCP, LOW, MED, QLD and WY are moderately overbought.
BA, COH, CREE, CTB and MSFT are getting toppy here.
Anything posted may be off base.

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