Signals: MU 11-20-2017

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.

Monday, November 20, 2017

MU 11-20-2017

Yi: +16.21
HBI is possibly forming a bottom here.
CORN, FCX, JNUG and MTSI are attempting to bottom out.
AGX, AIG, $DJTENG and NOV are moderately oversold.
MED is attempting to hold the 65 DMA.
$GASO is attempting to hold the 28 DMA.
DWDP and EROS are up against the 28 DMA.
BABA is up against falling trend line resistance.
A is up against rising trend line resistance.
ANF, CALM, FL and FLO are moderately overbought.
DB is at the average overbought level.
AXP is setting up to break out either up or down.
Anything posted here may be off base.

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