Signals: MU 9-12-2017.

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, September 12, 2017

MU 9-12-2017.

Yi: +12.8
A possible bottom here for: MDC
Attempting to bottom out: GE, KMB, MAT, QCOM
Extremely oversold: MAT
Average oversold: DIS and HPE
Moderately oversold: JNPR, KLIC, KR, PRU, SFTBY
Attempting to hold the 65 DMA: $COPPER
Attempting to hold the 28 DMA: AAPL
Up against falling trend line resistance: KM, PAG, RRGB
Up against rising trend line resistance: ATI and FEU
Moderately overbought: AET, B, MMC, O
Toppy here: CAR
A break out either way is on the way for: AMZN, GOOG, IRBT, NIB, P
Anything posted here may be off base.

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