Signals: WU 3-17-2018

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.

Saturday, March 17, 2018

WU 3-17-2018

Yi: +18.5
Trying to bottom out: CTB, GT, HAS, JCP, XOM
Average oversold: GFI and MAT
Moderately oversold: AQUA, BBY, C, CLX, DWDP, JACK, MTSI, SMG, SNAP, UGP, XLB
Trying to hold rising trend line support: JWN, NCR, PTEN, SIL, UNG, $XOI
Trying to hold falling trend line support: FXP
Attempting to hold the 65 DMA: CAKE, $DJW, GILD
Attempting to hold the 28 DMA: AGX, ATI, CC, DBA, NOK, RS
Up against the 28 DMA: VFC
Up against falling trend line resistance: MGA
Moderately overbought: BABA, MCD, NTES
Toppy: Z
A break out in either direction is on the way for: HMC and $INDU
Anything posted may be off base.

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