Signals: MU 11-10-2017

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.

Friday, November 10, 2017

MU 11-10-2017

Yi: +16.4
BBBY is possibly forming a bottom in this area.
CNK, FAT and S are attempting to bottom out.
RAIL is extremely oversold.
HAS is at the average oversold level.
BRKS and COF are moderately oversold.
COW is attempting to hold the 65 DMA.
IJH, MDY and Q are attempting to hold the 28 DMA.
GDX is up against the 65 DMA.
GDX and JWN are up against falling trend line resistance.
CLX, HLR, MBI and SBUX are moderately overbought.
MED and NIB are average overbought.
AAPL and $DJW are getting toppy.
DRI is setting up to break out either up or down.
Anything posted here may be off base.

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