Signals: WU 3-11-2018

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, March 11, 2018

WU 3-11-2018

Yi: +20.9
A possible bottom is forming here for: GE
Now trying to bottom out: DM, F, HD, IP, PPC, PPLT
Extremely oversold: BGS
At the average oversold level: LPL
Moderately oversold: GBTC, FXF, HAS, JCP, KR, $PLAT
Trying to hold rising trend line support: CAL and KSS
Up against the 28 DMA: AA, DNKN, PETX
Up against the 65 DMA: CBRL
Up against falling trend line resistance: DNKN and V
Up against rising trend line resistance: BAC and MRVL
Moderately overbought: IQV, NTES, PM, PEP, PFF, RGR, RRGB, TAP, WEN
At the average overbought level: CORN, EGPT, GDDY, TPR, XLNX
Toppy: CREE, MU, NIB, NOW
A break out either way is on the way for: S
Anything posted here may be off base.

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