Signals: MU 4-24-2018

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, April 24, 2018

MU 4-24-2018

Yi: +15.75
Trying to bottom out in this area: BMY, CTB, PHI, TSN, TUP
At the average oversold level BGS, CLX, CPB, HSY, MAN, PEP, SWK, TAP, XLNX
Moderately oversold: AAPL, CHD, $HGX, IBM, JNJ, KSS, TGS, TSM, TXN
Trying to hold rising trend line support: ANF and MTH
Attempting to hold the 65 DMA: ANF and MED
Up against the 28 DMA: QID
Moderately overbought: BALTF, GEF, $NYXBT, SCHW, UGA
A break out up or down is setting up for: NOV
Anything posted here may be off base.

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