Signals: MU 10-3-2017.

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.

Tuesday, October 3, 2017

MU 10-3-2017.

Yi: +14.5
Attempting to bottom out: CENX, DIS, DRI, RGLD
Moderately oversold: ABX and PEGI
Trying to hold rising trend line support: DM and SBUX
Attempting to hold the 28 DMA: GE and WEAT
Up against the 28 DMA: COH
Up against falling trend line resistance: FB, RGR, $SUGAR
Up against rising trend line resistance: AGX, F, GF, HLR
Moderately overbought: BBRY, CVGRX, FLO, GOOG, LEN, TGS, WFC
Overbought: AMAT, BIDU, $HGX, MU, TSN, XLNX
Toppy: AMAT, AXP, SU, TROW
Break out either way on the way: GBTC, Q, SYY
Anything posted here may be off base.

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