Signals: MU 2-14-2018

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.

Wednesday, February 14, 2018

MU 2-14-2018

Yi: +17.34
Trying to bottom out: CMG, MET, SHLD, UNG
Up against the 28 DMA: BBGI
Up against falling trend line resistance: ABX, MANT, $NYXBT, SIL
Moderately overbought: CNK, CORN, EROS, JJG
A break out either way is on the way for: ANF, BA, BBY, FLR, HD, MGA, MTH, SFIX, TSN
Anything posted here may be off base.

Wednesday, February 14, 2018

MU 2-14-2018

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