Signals: Weekend Update 1-28-2018

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 28, 2018

Weekend Update 1-28-2018

Yi: +23.5
Trying to bottom out: MTSI
Moderately oversold: CAL, DAL, CSL, MTH
Trying to hold rising trend line support: AAPL and BBBY
Attempting to hold the 65 DMA: CAT, CTB, GLW, JCP, PPC, SBUX, SIL
Attempting to hold the 28 DMA: DLPH, JWN, NOK, QCLN
Up against the 65 DMA: AXP, BB, BBGI, DBA, IDA
Moderately overbought: CG, COST, GS, KMB, SIRI, STMP, RJI, WHR, WY
Average overbought: AET, IP, JJN, RSX, UTX, UGP, WSO
Extremely overbought: NFLX
Toppy: DNKN, FL, LM
A break out either way is on the way for: EGPT, TGS, SEE
Anything posted here may be off base.

No comments:

Subscribe to: Post Comments (Atom)