Signals: MU 11-27-2017

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 27, 2017

MU 11-27-2017

Yi: +16.92
SHLD is trying to bottom out.
CBRL is at the average oversold level.
HPE and PRELF are moderately oversold.
MAIN is attempting to hold the 28 DMA.
AVP, BIDU, CC, DBA, IYE, NUGT, SIL and $XAU are up against the 28 DMA.
HBI and IP are up against the 65 DMA.
FCX and Z are up against falling trend line resistance.
SCHB is up against rising trend line resistance.
AAPL, AET, CAT, HMC, IYJ, KSS, MOS, NUS, PFF and WDC are moderately overbought.
ITW, PX and VFC are average overbought.
HSNI, NTAP and QCOM are getting toppy at this level.
DE is possibly forming a top.
IQV, PAG, PEG, TSLA and WSO are setting up to break out either up or down.
Anything posted here may be off base.

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