Signals: MU 12-18-2017

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 18, 2017

MU 12-18-2017

Yi: +18.4
Trying to bottom out: AGX and CRUS
Moderately oversold: B, CTB, DM, GM, PPC
Trying to hold falling trend line resistance: DYN
Attempting to hold the 65 DMA: AET, CALM, GT
Attempting to hold the 28 DMA: CSL, DUST, GLW, IBM, LL
Up against the 28 DMA: NFLX
Up against falling trend line resistance: CL, $COPPER, JNUG, PEGI
Up against rising trend line resistance: BBGI and HSY
Moderately overbought: HBI
Average overbought: DIS
A break out in either direction is on the way for: ATI, BIDU, CC, MU, PEG, QCOM
Anything posted here may be off base.

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