Signals: Morning Update July 17, 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.

Monday, July 17, 2017

Morning Update July 17, 2017.

Yi: +12.8
BGS, DF and HSY are possibly forming a bottom at this level.
CL and RGR are attempting to bottom out.
C, NDAQ and TGS are trying to hold rising trend line support.
CAFE, DYN and NAT are up against falling trend line resistance.
CVY, EBAY, F, GDX, IP, SCHB and X are up against rising trend line resistance.
EQIX, FB, GOOG, MSFT, PPG, SYMC and TSM are moderately overbought.
AA, CAR and PYPL are at the average overbought level.
TKR is a bit toppy here.
FL, LEN, MANT and NUS are setting up to break out either upwards or downwards.
Anything posted here may be off base.

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