Signals: MU 10-11-2017

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.

Wednesday, October 11, 2017

MU 10-11-2017

Yi: +15.09
Attempting to bottom out: CVS, HBI, KMB
Moderately oversold: CLF, GE, HSNI, JWN
Trying to hold rising trend line support: GLW
Attempting to hold the 65 DMA: IP
Attempting to hold the 28 DMA: DUST and MOS
Up against the 28 DMA: AAPL, $DJGSP, EQIX, JJN
Up against the 65 DMA: CTB and IAU
Up against falling trend line resistance: COH and GLDI
Up against rising trend line resistance: BABA
Moderately overbought: CEF and MSFT
Overbought: $FTSE
Toppy: A, COF, CSCO, CVGRX, CW, DWDP, GOOG, HPQ, INTC, ITW, LMT, NOW
A break out in either direction for: EROS
Anything posted may be off base.

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