Signals: MU 11-21-2017

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.

Tuesday, November 21, 2017

MU 11-21-2017

Yi: +16.32
AVAV is trying to bottom out.
XOM is moderately oversold.
MANT, MSFT and SPWR are attempting to hold the 65 DMA.
EQIX and V are attempting to hold the 28 DMA.
WHR is up against the 28 DMA.
I, NCR and PEGI are up against the 65 DMA.
GBTC, HRB, $NYA50R, SIL and TPR are up falling rising trend line resistance.
BNS, DE, MRVL and MU are up against rising trend line resistance.
BGS, CAL, CAKE, CPB, CREE, DLPH, KR, NTES and XLY are moderately overbought.
$HGX is extremely overbought.
DB is getting toppy.
CVS, NFLX, PRELF and ORCL are setting up to break out either up or down.
Anything posted here may be off base.

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