Signals: MU September 21, 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.

Thursday, September 21, 2017

MU September 21, 2017.

Yi: +13.53
Trying to bottom out: ORCL and SEE
Moderately oversold: AET, ABX, BBY, WFC
Trying to hold falling trend line support: BGS
Attempting to hold the 28 DMA: AMZN and PPC
Up against falling trend line resistance: DUST
Up against rising trend line resistance: AFL and PG
Moderately overbought: AXP, C, FAST, GLW, JPM, MANT, MET, NOV, PPG, SMG
Average overbought: CAT, $DJW, I, ROK
Extremely overbought: EROS
Toppy here: A, AFL, AXP, BABA, FEU, GF, ITW, KSS, MU, POT, SCHD, SYMC, XLNX
A possible top here for: EWI
A break out either way is on the way for: JACK, LL, MAIN, NUS
Anything posted here may be off base.

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