Signals: MU 12-20-2017

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.

Wednesday, December 20, 2017

MU 12-20-2017

Yi: +18.64
Trying to hold rising trend line support: HAS
Trying to hold the 28 DMA: AET
Up against the 28 DMA: CC, $DJGSP, FNG
Up against the 65 DMA: AMAT and BGS
Up against falling trend line resistance: CAT, BIDU, CLF, JNUG
Up against rising trend line resistance: BAC and $DJW
Moderately overbought: AXP, CBRL, CL, COPX
Average overbought: AVAV, CAR, COF, DFS, FCX, GOOG
Extremely overbought: GBTC
Toppy: CLX and $FTSE
A break out in either direction is on the way for: IR
Anything posted here may be off base.

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