Signals: Morning Update September 28, 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, September 28, 2017

Morning Update September 28, 2017.

Yi: +13.72
AMZN, EQIX, MSI and SPWR are attempting to bottom out.
CANE, CENX, DRI, MCD, SGG, TWTR, WOR and YUM are moderately oversold.
NOK is trying to hold falling trend line support.
$DJW and VGK are attempting to hold the 65 DMA.
NUS and SHAK are attempting to hold the 28 DMA.
SNA is up against the 65 DMA.
AHH is up against falling trend line resistance.
BAC and COST are up against rising trend line resistance.
AHH, CSX, GPC, HD, MET, NTAP, TILE, WSO and WHR are moderately overbought.
BR, BWA, CAL, CSCO, HMC and NOV are getting toppy here.
NAT is setting up to break out in either direction.
Anything posted here may be off base.

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