Signals: Morning Update 4-4-2017.

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.

Tuesday, April 4, 2017

Morning Update 4-4-2017.

Yi: +9.8
GG and $PLAT are attempting to bottom out.
BMY and HMC are moderately oversold.
FXI is attempting to hold rising trend line support.
FXF and IJH are attempting to hold the 28 DMA.
ATI, CENX, DBO, $NYA50R, USL, USO, and $WTIC are up against the 28 DMA.
UUP is up against the 65 DMA.
ATI is up against falling trend line resistance.
CAKE and DPS are up against rising trend line resistance.
BBRY, BRKS, CAKE, CC, HPQ, IR, MSI and RGLD are moderately overbought.
PNRA has gone fully parabolic.
Anything posted here may be off base.

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