Signals: MU 10-4-2017.

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 4, 2017

MU 10-4-2017.

Yi: +14.7
Attempting to bottom out: ABX, CAFE, GDX, HA, KR
Oversold: JCP, JNUG, PEP
Moderately oversold: ASA, CMG, $GASO, $GOLD, JWN
Trying to hold rising trend line support: $GASO
Attempting to hold the 65 DMA: $CRB
Up against the 65 DMA: BGS and CLF
Up against falling trend line resistance: ALL, GILD, RGR, SNAP
Moderately overbought: BMY, BRKS, $FTSE, IP, RS
Overbought: ATI, BBRY, BWA, C, DNB, GPC, IJR, IYJ, INTC, JPM, MANT, SCHB
Toppy: CTB and PAG
A break out is on the way either way for: DBA, FL, Q
Anything posted may be off base.

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