Signals: MU 10-31-2017.

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 31, 2017

MU 10-31-2017.

Yi: +15.91
FXF, GDX, JNUG and NUGT are possibly forming a bottom.
$DJGSP, IAU, O and PETX are attempting to bottom out.
JCP and QID are extremely oversold.
CVS is at the average oversold level.
BMY, BIDU, CIEN, CTB, FCX, GT and MMC are moderately oversold.
C, CPER and FEU are trying to hold rising trend line support.
AA, AFL, FLR, MGA and MRVL are attempting to hold the 28 DMA.
PTEN is up against the 28 DMA.
JO is up against the 65 DMA.
CANE is up against falling trend line resistance.
CAKE, BRKS, CVGRW, DBC and MCHP are up against rising trend line resistance.
AAPL, $CRB, DBO, FB, $GASO and GDDY are moderately overbought.
DE, FSLR, INTC and QLD are overbought.
AXP, CALM and COF are getting toppy.
$HGX is possibly forming a top in this area.
Anything posted may be off base.

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