Signals: Morning Update 4-5-2017.

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, April 5, 2017

Morning Update 4-5-2017.

Yi: +9.8
SPWR is attempting to bottom out.
SOYB abd WOR are at the average oversold level.
BGS, BMY, GPC, HMC and MRVL are moderately oversold.
GT, HPQ, I and SYMC are attempting to hold rising trend line support.
$FTSE is attempting to hold the 65 DMA.
$DJW is attempting to hold the 28 DMA.
ABX, $GOLD and $SILVER are up against falling trend line resistance.
SPLS is moderately overbought.
CMG is toppy.
BA, COPX, COST, NIB, SNAP and T are setting up to break out either up or down.

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