Signals: MU 11-1-2017

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, November 1, 2017

MU 11-1-2017

Yi: +15.98
BBBY is possibly forming a bottom in this area.
CVS, IRBT, KMB and M are trying to bottom out.
CMG is extremely oversold.
CLF is at the average oversold level.
B, CG, CL, CLX, CTB and DPS are moderately oversold.
AA and HSNI are trying to hold rising trend line support.
BIDU, BMY, EROS, GPC, IR, MMC and $NYA50R are trying to hold the 65 DMA.
GS, LEN and MED are trying to hold the 28 DMA.
AVP is up against the 28 DMA.
CAKE, $CRB, CSIQ and DNKN are moderately overbought.
AMZN is getting toppy.
C and EWA are setting up to break out up or down.
Anything posted here may be off base.

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