Signals: MU 3-14-2018

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, March 14, 2018

MU 3-14-2018

Yi: +18.85
Trying to bottom out: BGS, FAT, JCP
Trying to hold the 65 DMA: AGX, BBY, LMT
Up against the 28 DMA: AVAV, CBRL, FEU, FNDF, IRBT, MGA
Up against falling trend line resistance: ABX and HA
Up against rising trend line resistance: AAPL
Moderately overbought: ATI, CSCO, FSLR, GILD, JNJ, KLIC, LM
Average overbought: CAR
Toppy: AMTD, BRKS, EGPT, IJR, IQV, IWM, MDY, MS, $NDX
A possible top here for: AMZN
A break out up or down is on the way for: AET, ACQ, $CRB, $GASO, $GOLD, JACK
Anything posted may be off base.

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