Signals: MU 1-5-2018

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 5, 2018

MU 1-5-2018

Yi: +19.98
Attempting to hold the 28 DMA: CAL and CLX
Up against falling trend line resistance: CAFE, CMG, CANE, CRUS
Up against rising trend line resistance: AXP, BAC, CSCO, CVGRX
Moderately overbought: AMAT, AMZN, CSX, CSL
Average overbought: ATI, BB, DBC
A break out either way is on the way for: CORN
Anything posted here may be off base.

Friday, January 5, 2018

MU 1-5-2018

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