Signals: MU 12-7-2017

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.

Thursday, December 7, 2017

MU 12-7-2017

Yi: +16.97
Trying to bottom out: A, EQIX, FNG, JJN, NVDA, SMH
Average oversold: CC and NOK
Moderately oversold: $COPPER, CPER, DBP, GLDI, $GOLD, MDC, MSI, NIB, ORCL
Trying to hold rising trend line support: MMM
Trying to hold falling trend line support: AAPL and ETN
Attempting to hold the 65 DMA: AHH
Attempting to hold the 28 DMA: BR, FXF, LMT, MAN
Up against falling trend line resistance: SNAP
Average overbought: SHAK
Toppy: AXP, DRI, GPC
A break out either way is on tye way for: MED
Anything posted here may be off base.

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