Signals: Weekend update 12-24-2017.

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, December 24, 2017

Weekend update 12-24-2017.

Yi: +18.64
Attempting to bottom out: NAT
Moderately oversold: IQV, MMC, PPC, SCHH, SOYB
Trying to hold rising trend line support: A, CMG, IDA, $NYXBT, SMG
Attempting to hold the 65 DMA: BBBY, GBTC, HRL
Attempting to hold the 28 DMA: HBI, MCD, MMM, NTAP
Up against the 28 DMA: BNS, DYN, NOK, SGG
Up against the 65 DMA: CEF
Up against falling trend line resistance: NEM
Up against rising trend line resistance: FNDF, MOS, PTEN, RRGB
Moderately overbought: CANE, IR, JWN, LEN, NOV, RYE, $SUGAR, XLE
Average overought: FCX, IRBT, IYE, LOW, RS, SNA, TGT, X, $XOI
Toppy: DNKN, DPS, HSNI
A possible top here for: BBGI and MGA
A break out up or down is setting up for: AAPL, CNK, CW, EWI, FSLR, PPG, TILE
Anything posted here may be off base.

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