Signals: Morning Update April 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.

Tuesday, April 25, 2017

Morning Update April 25, 2017.

Yi: +10.0
FCX, IYE, JJG, NOV and RYE are attempting to bottom out.
CAFE and MAT are at the average oversold level.
DBC, DBO, EBAY, I, NCR, RJI, $SILVER and $WTIC are moderately oversold.
ASA is attempting to hold the 28 DMA.
SNAP is up against the 65 DMA.
TPX is up against falling trend line resistance.
PFF and PYPL are up against rising trend line resistance.
CSL, HA and SNA are moderately overbought.
SBUX is at the average overbought level.
CALM, LL and Q are toppy.
Anything posted may be off base.

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