Signals: Morning Update 12-23-2016.

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, December 23, 2016

Morning Update 12-23-2016.

EROS and $VIX are trying to bottom out at this level.
CORN and $WTIC are attempting to hold rising trend line support.
DBC is attempting to hold the 65 DMA.
CAKE is attempting to hold the 28 DMA.
AEM is up against falling trend line resistance.
AA is up against the 28 DMA.
INTC is moderately overbought.
CVY, GE, IPM TSLA and UGA are a bit toppy at this level.
AAPL, AIG, MED, QCLN, QLD, SCHB and SCHD are possibly forming a top here.
CSIQ, EFV, QCOM, S and SYMC are setting up to break out either up or down.
Anything posted here may be off base.

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