Signals: MU November 14, 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 14, 2017

MU November 14, 2017.

Yi: +16.38
BRKS and CC are attempting to bottom out.
ATI, BIDU, CAR, CSX, DFS and $FTSE are moderately oversold.
BMY, COPX, NOW and PX are trying to hold rising trend line support.
$COPPER and $FTSE are attempting to hold the 65 DMA.
AXP, COW, $DJW and JNJ are attempting to hold the 28 DMA.
HA is up against the 28 DMA.
BBY, CVS and KMB are up against falling trend line resistance.
HAS and HSY are moderately overbought.
AGQ, BB, BWA and CALM are setting up to break out up or down.
Anything posted here may be off base.

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