Signals: The update is late today because of technical problems.

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.

Tuesday, August 21, 2018

The update is late today because of technical problems.

Yi: +21.62
Trying to bottom out: EWI, $GASO, GFI, LEN, NUGT
At the average oversold level: NFLX
Moderately oversold: GILD
Trying to hold rising trend line support: NOW and QCLN
Trying to hold falling trend line support: AMAT
Attempting to hold the 65 DMA: A
Up against falling trend line resistance: $HGX
Up against rising trend line resistance: IYJ
Moderately overbought: APD, HPE, HPQ, IJR, KR, LMT, PAYX, RGR, SBUX, SCHD, SCHH
At the average overbought level: MKC and SDY
Getting toppy in this area: AAPL, IDA, KMB
Possible top here for: AVAV
A break out either way is on the way for: CSIQ
Anything posted on these pages may be off base.

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