Signals: Early Morning Update 12-6-2016.

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.

Tuesday, December 6, 2016

Early Morning Update 12-6-2016.

SPWR is possibly forming a bottom in this area.
AVP, CSCO, DYN, FB, NTES and NUS are attempting to bottom out at this level.
DYN and MKC are at the average oversold level.
CNK, INTC, PEGI and TSLA are moderately oversold.
$UST3M is attempting to hold rising trend line support.
DUST is attempting to hold the 65 DMA.
GT and QVCA are attempting to hold the 28 DMA.
EWI is up against falling trend line resistance.
CVS and NFLX are up against the 28 DMA.
LOW, MOS, OIL and P are moderately overbought.
UGA is a bit toppy at this level.
LPL. NAT and RGLD are setting up to break out up or down.
Anything posted here may be off base.

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