Signals: Early Morning Update 2-10-2017.

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.

Friday, February 10, 2017

Early Morning Update 2-10-2017.

CHK and VOX are possibly forming a bottom in this area.
DYN, RAIL and VFC are attempting to bottom out.
DUST is at the average oversold level.
PAG is attempting to hold the 65 DMA.
JNJ and PYPL are up against the 28 DMA.
CLF, EBAY, GPC, JJG and PNRA are moderately overbought.
NFLX and NUGT are getting toppy.
DBP, GLDI, GDX, IAU, SIVR and SMH are possibly forming a top in this area.
DBA and F are setting up to break out either up or down.
Anything posted here may be off base.

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