Signals: MU 12-15-2017

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.

Friday, December 15, 2017

MU 12-15-2017

Yi: +17.69
Attempting to bottom out: MBI and $PLAT
Average oversold: EROS
Moderately oversold: MBI
Trying to hold falling trend line support: $GASO
Attempting to hold the 65 DMA: LEN
Trying to hold the 28 DMA: TAP
Up against the 28 DMA: COPX and I
Up against the 65 DMA: JNUG and PYPL
Up againsr falling trend line resistance: SIL
Moderately overbought: CSX, DRI, FCX, NTES, TPX
Average overbought: CAR
Toppy: BBY and KOLD
Possible top in place for: BA, $DJW, $INDU, KSS, $NYXBT, STX
A break out either way is on the way for: RAIL and SMH
Anything posted here may be off base.

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