Signals: MU 2-9-2018

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.

Friday, February 9, 2018

MU 2-9-2018

Yi: +14.88
Trying to bottom out: BAL and FAT
Average oversold: ASA and $NYA50R
Moderately oversold: CEF, $COPPER, $CRB, DBP, $GASO, $GOLD, $PLAT, $SILVER, SIVR, SLV, UNG
Up against the 28 DMA: $USD
Up against falling trend line resistance: BBBY and CAFE
Moderately overbought: CORN and QID
Average overbought: SNAP and TPR
Anything posted here may be off base.

Friday, February 9, 2018

MU 2-9-2018

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