Signals: MU 1-23-2018

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.

Tuesday, January 23, 2018

MU 1-23-2018

Yi: +22.34
Trying to bottom out: BGS and CSIQ
Extremely oversold: GE
Average oversold: PETX
Moderately oversold: F and MKC
Trying to hold rising trend line support: MU
Attempting to hold the 65 DMA: DLPH, NUGT, SU
Attempting to hold the 28 DMA: CIEN, DFS, DIS
Up against falling trend line resistance: KOLD and SIRI
Moderately overbought: BRKS, EYE. FL, IQV, MCD, RGLD, SWK, UL
Average overbought: KR and TKR
Toppy: MSI and TPR
A break out either way is on the way for: BABA
Anything posted here may be off base.

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