Signals: Early Morning Update 3-17-2017.

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.

Friday, March 17, 2017

Early Morning Update 3-17-2017.

Yi: +11.4
DYN and SGG are possibly forming a bottom at this level.
CMG, SBUX, SHAK, SPWR and $SUGAR are attempting to bottom out in this area.
M and XON are moderately oversold.
AU, JNUG and $XAU are up against the 65 DMA.
$COPPER and DF are up against the 28 DMA.
ATI, EROS and FXF are up against falling trend line resistance.
BWA, CSL, EFV, GT, RGR, UGP and Z are moderately overbought.
DPS, LOW and MSI are at the average overbought level.
BA, DB, GM and MET are setting up to break out either up or down.
Anything posted here may be off base.

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