Signals: Sunday night update August 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.

Sunday, August 27, 2017

Sunday night update August 27, 2017.

Yi: +11.17
Possible bottom: CMG, GE, MAT, NAT, NCR, PTEN, SNA
Trying to bottom out: AIG, CAKE, CNK, CALM, DB, COF, DAL, FLR, HAS, NOV, SWK
Extremely oversold: CNK and DF
Average oversold: AGX
Moderately oversold: COST, CVS, LEN, KR, TRV
Trying to hold rising trend line support: ALL and TRV
Attempting to hold the 65 DMA: CEF and GFI
Up against the 28 DMA: CANE, CW, SFTBY, SYMC
Up against the 65 DMA: CREE, CVY, SGG, SPWR, YYY
Up against falling trend line resistance: ABX, $GASO, MDY, MGA, SCHX, VOX
Up against rising trend line resistance: CAT, DLPH, HPQ, TSM
Moderately overbought: BMY and NOW
Average overbought: CENX
Toppy now: ATI, FCX, PEGI
Possible top here for: AA and BABA
AET, BIDU, MU, MSFT, SIVR, SLV, $SPX, UGLD, USL
Anything posted here may be off base.

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