Signals: MU 10-12-2017

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.

Thursday, October 12, 2017

MU 10-12-2017

Yi: +15.3
Attempting to bottom out: SPWR and WOR
Oversold: S
Moderately oversold: AET, CENX, CHK, GFI, QVCA, SYMC
Attempting to hold rising trend line support: DLPH
Attempting to hold the 65 DMA: AA, CSL, RYE, WSO
Attempting to hold the 28 DMA: CNK, PETX, WHR, XRX
Up against the 28 DMA: AGQ and SLV
Up against the 65 DMA: PPLT and UGLD
Up against falling trend line resistance: CANE, DBC, GT, HSY
Up against rising trend line resistance: CWI, FNDF, MED, SBUX
Moderately overbought: IBM, NVDA, QCOM, SFTBY, TKR, USB
Overbought: BIDU and WYN
Toppy: MU and PAYX
A break out either way is on the way for: GPC, HAS, MAT, MMC, MTSI, PPC
Anything posted here may be off base.

No comments:

Subscribe to: Post Comments (Atom)