Signals: Late Day 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

Late Day Update 2-10-2017.

Yi: +9.6
DYN is attempting to bottom out.
CSL and DNB are at the average overbought level.
CREE, GBTC and INTC are moderately oversold.
CANE is attempting to hold the 28 DMA.
B is up against falling trend line resistance.
FL is up against the 65 DMA.
BBBY, C and CTB are up against the 28 DMA.
CLF, $FXT, GPC, HPQ, HSNI and HSY are moderately overbought.
COST is at the average overbought level.
AAPL is extremely overbought.
HAS is a bit toppy at this level.
Anything posted here may be off base.

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