Signals: MU 2-27-2018

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, February 27, 2018

MU 2-27-2018

Yi: +20.63
Trying to bottom out in this area: ASA, CSIQ, F, GLW, HSY, PPC
Extremely oversold: ABX
At the average oversold level: P
Moderately oversold: CENX
Attempting to hold the 28 DMA: ANF
Up against the 28 DMA: AQUA, NTES, PYPL
Up against the 65 DMA: AHH, MCD, SCHH
Up against falling trend line resistance: PTEN
Up against rising trend line resistance: DNB
Moderately overbought: BABA, BAL, CAKE, CAT, CC, FB, FCX, JCP, JWN, NTR, PEG
At the average overbought level: BR, BDDY, MOS
Toppy: SOYB
A break out either way is on the way for: IR and PEGI
Anything posted may be off base.

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