Signals: MU 1-25-2018

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.

Thursday, January 25, 2018

MU 1-25-2018

Yi: +22.45
Trying to bottom out: CORN, F, FAT
Moderately oversold: CALM
Trying to hold rising trend line support: DAL
Attempting to hold the 65 DMA: LMT
Attempting to hold the 28 DMA: CSX
Up agaimst the 28 DMA: AHH
Up against rising trend line resistance: AMZN, $DJTENG, EWA, MOS, NUGT, NVDA
Moderately overbought: EBAY, FB, FNG, LPL, M, MAT, ORCL, QVCA
Average overbought: CSCO, ETN, FEU, LOW, MSFT, NCR, QQQ, $SPX
Extremely overbought: $DJW and GOOG
Toppy: A, BBY, BR, BRKS, EWI, FLR, KSS
A break out either way is on the way for: DIS and MU
Anything posted here may be off base.

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