Signals: Weekend Update 1-21-2018

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, January 21, 2018

Weekend Update 1-21-2018

Ti: +21.61
Trying to bottom out: CANE, I, NTES, SGG, UUP
Average oversold: GE, SFIX, $SUGAR
Moderately oversold: RRGB and S
Trying to hold rising trend line support: $DJGSP, GDX, JNUG, NUGT, TAP, $XAU
Trying to hold falling trend line support: SPWR
Attempting to hold the 65 DMA: DFS, NOK, SIL
Attempting to hold the 28 DMA: ABX
Up against the 28 DMA: MMC
Up against falling trend line resistance: DUST and GBTC
Moderately overbought: SBUX, UGA, USB, WDC
Average overbought: FLR, MCHP, SMH, TSM, V, XLNX
Toppy: FXF and JPM
A break out either way is on the way for: AHH, AVAV, CREE, MED, NTR
Anything posted here may be off base.

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