Signals: Morning Update June 27, 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, June 27, 2017

Morning Update June 27, 2017.

Yi: +11.3
CHK and CSL are possibly forming a bottom in this area.
BBGI, CAKE, COST, CTB, DNB, FLR and OIL are attempting to bottom out here.
BBBY is extremely oversold.
CORN is now at the average oversold level.
DNB, HSY and LOW are moderately oversold.
HD is attempting to hold falling trend line support.
BBRY and YUMC are attempting to hold the 65 DMA.
IDA, LEN and WHR are attempting to hold the 28 DMA.
AGX is up against the 28 DMA.
AEM and NFLX are up against the 65 DMA.
AGX and P are up against falling trend line resistance.
CREE, FB and GLW are up against rising trend line resistance.
CAR, CSIQ, FSLR, NOW, PYPL, TWTR and XLNX are moderately overbought.
MSI and Z are at the average overbought level.
HRB, MCD, Q and YUM are getting toppy now.
AVAV, LL, NOK and SYMC are setting up to break out either upwards or downwards.
Anything posted may be off base.

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