Signals: MU 3-21-2018

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 21, 2018

MU 3-21-2018

Yi: +17.26
Trying to bottom out: AIG and MTSI
Average oversold: AET, COW, FB, IP, LPL
Moderately oversold: CNK, CORN, BBY, CG, DBA, DIS, EBAY, EWA, IFN, $INDU, JJG
Trying to hold rising trend line support: AGX, BR, C, GOLD, GOOG, $NYA50R
Attempting to hold the 65 DMA: CSL, DYN, GDDY, HPQ, LL, MDY, NOW, NTAP, NUS
Attempting to hold the 28 DMA: BMY, $DJW, MSFT, NOK
Moderately overbought: CALM
A break out either way is on the way for: COF, DE, FLR, $HGX, LEN, MDC
Anything posted may be off base.

No comments:

Subscribe to: Post Comments (Atom)