Signals: MU 1-9-2018

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 9, 2018

MU 1-9-2018

Yi: +20.77
Trying to bottom out: DUST and IDA
Attempting to hold the 65 DMA: BBBY
Up against falling trend line resistance: SFTBY
Up against rising trend line resistance: LOW and MSFT
Moderately overbought: CVS, EWI, F, GDDY, KLIC, LMT, MSFT, SBUX
Average overbought: GOOG
Toppy: HD
A break out either way is on the way for: ANF and RAIL
Anything posted here may be off base.

Tuesday, January 9, 2018

MU 1-9-2018

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