Signals: WU October 8, 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, October 8, 2017

WU October 8, 2017.

Yi: +15.19
Attempting to bottom out: AEM, AGQ, IAU, JCP, $SILVER, UGLD
Oversold: WOR
Moderately oversold: COST, CVS, DBP, HRB, WEAT
Trying to hold rising trend line support: BNS, BRKS, CTB, LM, MED, RGR
Trying to hold falling trend line support: EWA
Attempting to hold the 28 DMA: CSX
Up against the 65 DMA: KR
Up against rising trend line resistance: PYPL
Moderately overbought: ALL, COW, COPX, $FXT, $FTSE, IR, NFLX, TWTR, WY, XLY
Overbought: C. INTC, ITW, SCHW, TROW, UYG, VOT
Extremely overbought: $INDU and IYG
Toppy: $DJW and $NYA50R
A break out in either direction is on the way for: GBTC, LPL, M
Anything posted here may be off base.

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