Signals: MU 1-19-2018

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, January 19, 2018

MU 1-19-2018

Yi: +21.23
Trying to bottom out: JACK and SNAP
Moderately oversold: BBGI, CL, F, SYMC
Attempting to hold the 28 DMA: $COPPER and FAT
Up against the 65 DMA: UL
Up against falling trend line resistance: CLX
Moderately overbought: ALL, AMAT, HPQ, HPE, JNJ, MMM, ORCL, TRV, TSLA, UNG, USB
Average overbought: GILD, IBM, $PLAT, PYPL, PPLT, SMH, TPR, TXN
Toppy: AMTD, CW, MDLOX, SCHW, STX
A break out either way is on the way for: MBI and NUS
Anything posted here may be off base.

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