Signals: Weekend Update 4-2-2017.

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.

Sunday, April 2, 2017

Weekend Update 4-2-2017.

Yi: +9.9
DBA is possibly forming a bottom in this area.
CANE and $SUGAR are extremely oversold.
MKC is moderately oversold.
AEM, AU, FXF and NUGT are attempting to hold the 65 DMA.
DBC and $SPX are up against the 28 DMA.
$USD is up against the 65 DMA.
AIG, AMTD, COPX, GE and UUP are up against falling trend line resistance.
DIS and NFLX are up against rising trend line resistance.
CNK, DF, FL, IWM, MDY, PFF, SBUX, $WTIC and XLY are moderately overbought.
CMG and COH are at the average overbought level.
CC, CMG, COH, EWA, FB, FNDF, $NDX, QLD, SHLD and XLK are toppy here.
PEP is possibly forming a top in this area.
HD, JNG and LOW are setting up to break out either up or down.
Anything posted here may be off base.

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