Signals: Morning Update 11-28-2017

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.

Tuesday, November 28, 2017

Morning Update 11-28-2017

Yi: +16.16
Trying to bottom out: NAT
Moderately oversold: $USD and UNG
Trying to hold rising trend line support: FLR
Up against the 65 DMA: UL
Up against falling trend line resistance: HA and YYY
Moderately overbought: AQUA, FAST, SCHK, USL, USO, VOX, $WTIC, X
Average overbought: FNG, LEN, OIL, PX, XLY
Toppy: AHH, CWI, DBO, $DJW, IJH, MAT, MDY, NUS, QCOM, QLD, SCHB, TWTR, VFC, VOT
Possible top here for: $HGX
Break out either way on the way for: F, NFLX, SMG
Anything posted here may be off base.

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