Signals: MU 10-25-2017

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 25, 2017

MU 10-25-2017

Yi: +15.8
S is trying to bottom out in this area.
NAT, P and WHR are oversold.
AMZN, BBGI, CLF, PEGI and PG are now moderately oversold.
VGK is attempting to hold the 28 DMA.
ANF and JCP are up against the 28 DMA.
STX is moderately overbought.
TGT, TKR and VFC are overbought now.
SWK is extremely overbought.
HPQ, JNJ, MAIN, TRV and TXN are getting toppy here.
MMM has gone parabolic!
LL and MKC are setting up to break out up or down.
Anything posted here may be off base.

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