Signals: Early Morning Update 3-15-2017.

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.

Wednesday, March 15, 2017

Early Morning Update 3-15-2017.

Yi: +10.9
TWTR is attempting to bottom out at this level.
UGA and USL are at the average oversold level.
CORN, COST, INTC, JJG, NCR, SYY and WEAT are moderately oversold.
$GASO is attempting to hold rising trend line support.
FXF is up against the 65 DMA.
EWA and STMP are moderately overbought.
SYMC is at the average overbought level.
CNK, $NDX, SMH and XLK are a bit toppy at this point.
JNJ, QCOM and V are possibly forming a top in this area.
MET is setting up to break out either up or down.
Anything posted here may be off base.

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