Signals: Weekend Update: 12-22-2018.

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, December 22, 2018

Weekend Update: 12-22-2018.

Yi: +6.8
Extremely oversold: EROS, EMR, RYE, SNAP, XRX
Average oversold: ATI, DNKN, GPC, HPE, IP, JACK, MOS, $NYA50R, QRTEA, SMG, SNA, SYY, TGT, V, XOM
Moderately oversold: BKS, FAST, MKC, PFE, TGS, TSLA
Trying to hold rising trend line support: CNK, MCD, PEG
Trying to hold falling trend line support: MANT
Moderately overbought: RGLD
Has gone parabolic to the downside: AAPL, CHK, GS
Anything posted on these pages may be off base.

Saturday, December 22, 2018

Weekend Update: 12-22-2018.

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