Signals: MU 10-18-2017

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 18, 2017

MU 10-18-2017

Yi: +15.39
$VIX is trying to bottom out.
MTSI is extremely oversold.
JWN and M are oversold.
ABX and CAR are moderately oversold.
NTES is up against falling trend line resistance.
NVDA is up against rising trend line resistance.
BMY, HD, IBM, MGA, QCOM are trying to hold the 28 DMA.
CVY and PPLT are trying to hold the 65 DMA.
AAPL, AIG, COPX, SMG, TRV, $WTIC, WY are moderately overbought.
AMAT, BIDU, CAT, CPER, $COPPER, NFLX, $NYA50R, ROK are overbought.
CC, CAT, CW, DNB, FXI, GM, MED, XLB, WYN, XLNX are getting toppy.
CG, FSLR, GBTC, GT are setting up to break out up or down.
Anything posted may or may not be off base.

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