Signals: MU 3-16-2018

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, March 16, 2018

MU 3-16-2018

Yi: +18.35
Average oversold: CTB and HAS
Moderately oversold: AXP, BA, LMT, X
Trying to hold rising trend line support: SCHD, TILE, TXN, WFC
Attempting to hold the 65 DMA: MSFT, MBI, UYG
Attempting to hold the 28 DMA: SOYB and UUP
Up against the 28 DMA: UGA
Up against falling trend line resistance: BKS and PPC
Moderately overbought: EQIX and PYPL
Extremely overbought: Z
Toppy: CAR and WDC
A break out up or down is on the way for: ANF, USL, USO, $WTIC
Anything posted could be off base.

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