Signals: Late Day Update 1-17-2017.

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, January 17, 2017

Late Day Update 1-17-2017.

Yi: +8.6
KO is possibly forming a bottom at this level.
JCP is attempting to bottom out in this area.
JNJ and $UST20Y are moderately oversold.
DM and DPS are attempting to hold the 28 DMA.
AGQ and $WTIC are up against the 65 DMA.
CSL and HSNI are up against the 28 DMA.
$COPPER and $GOLD are moderately overbought.
EFV and FXI are a bit toppy here.
COPX and FNDF are probably at a top here.
CSIQ and EWI are setting up to break out either up or down.
Anything posted here may be off base.

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