Signals: MU 12-11-2017

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, December 11, 2017

MU 12-11-2017

Yi: +17.62
Possible bottom for: JNUG
Attempting to bottom out: ASA, COW, $DJGSP, DYN, $FXT, GFI, I, JO, NIB, NUGT
Extremely oversold: AGX, NAT, S
Average oversold: $SILVER, SIVR, SLV, SIL, UGLD
Moderately oversold: BHP, CAFE, CEF, $CRB, FXF, $GOLD, IAU
Trying to hold rising trend line support: ALL, KMB, PG
Up against the 28 DMA: SHLD
Up against falling trend line resistance: AMAT, CAR, CENX, ROK
Up against rising trend line resistance: CVGRX
Moderately overbought: DAL, FCX, FSLR, MED
Average overbought: BA, GEF, KOLD
Extremely overbought: $NYXBT
Toppy: DUST and HSY
A break out in either direction is on the way for: AIG, MRVL, NCR
Anything posted here may be off base.

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