Signals: MU 12-5-2017

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, December 5, 2017

MU 12-5-2017

Yi: +17.31
Trying to bottom out: $SILVER
Average oversold: EROS
Moderately oversold: COW, $FTSE, $FXT, GDDY, HAS, KLIC, XLNX, XOM
Trying to hold rising trend line support: $FXT and MRVL
Attempting to hold the 65 DMA: SMH
Attempting to hold the 28 DMA: USL and VFC
Up against falling trend line resistance: GEF
Up against rising trend line resistance: COF
Moderately overbought: CAR, CMG, EYE, GEF, IYJ, JACK, $XOI
Average overbought: CSX, DIS, PPC, X, XLE, XLY
Toppy: SHAK
Possible top here for: GF
A break out either way is on the way for: AA, PRELF, ROK, TGS, YUMC
Anything posted here may be off base.

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