Signals: MU October 26, 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.

Thursday, October 26, 2017

MU October 26, 2017.

Yi: +15.51
Trying to bottom out in this area: GFI, HRL, KMB, PG
Moderately oversold: AMTD, PEP, SCHH, VOX
Trying to hold the 28 DMA: IWM
Up against the 65 DMA: CVS
Up against rising trend line resistance: A, AXP, $CRB, IYG
Moderately overbought: CSCO, $GASO, GDDY, GLW, LEN, PRU, SHAK
Overbought: CSL, DE, JPM
Getting toppy here: HMC, IYJ, VFC
A possible top forming here for: $HGX, $INDU, INTC, MTH, ROK, SCHD, SMH, TROW
A break out in either direction is setting up for: AAPL and DAL
Anything posted here may be off base.

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