Signals: Weekend Update 3-25-2017.

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.

Saturday, March 25, 2017

Weekend Update 3-25-2017.

Yi: +9.7
DYN and OIL are possibly forming a bottom in this area.
DB, TWTR, WEAT and YUM are attempting to bottom out.
CAR is extremely oversold.
CORN is at the average oversold level.
CVS, GOOG, SFTBY, STMP and Z are moderately oversold.
CVS is attempting to hold rising trend line support.
SCHH is attempting to hold the 65 DMA.
PAYX is attempting to hold the 28 DMA.
TILE is up against the 28 DMA.
SYY is up against falling trend line resistance.
GF and RAI are up against rising trend line resistance.
IDA and SNAP are moderately overbought.
PNRA has gone parabolic.
CIEN, CPER, FCX, MOS and WY are setting up to break out in either direction.
Anything posted here may be off base.

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