Signals: Morning Update May 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.

Thursday, May 25, 2017

Morning Update May 25, 2017.

Yi: +10.2
MAT and UIS are attempting to bottom out.
GG, GPC and LOW are moderately oversold.
AEM and SYY are attempting to hold the 65 DMA.
HD is attempting to hold the 28 DMA.
AIG and IWM are up against falling trend line resistance.
AA, IDA, OIL and $WTIC are moderately overbought.
BBRY and CALM are toppy at this point.
IRBT is possibly forming a top at this level.
EGPT and JCP are setting up to break out either up or down.
Anything posted here may be off base.

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