Signals: Lunchtime Update 11-25-2016.

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.

Friday, November 25, 2016

Lunchtime Update 11-25-2016.

Yi: +6.9
SGG is at the average oversold level.
XRX is moderately oversold.
FLO, GBTC and TWTR are attempting to hold the 28 DMA here.
DPS is up against falling trend line resistance.
DNB, FL and SOYB are moderately overbought.
CPER, PNRA and $SPX are at the average overbought level.
IJH, IWM, IYJ, MDY and SBUX are toppy.
AMTD and CW are possibly forming a top in this area.
CALM, NDAQ and WFC are setting up to break out either up or down.
Anything posted may be off base.

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