Signals: MU 4-25-2018

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, April 25, 2018

MU 4-25-2018

Yi: +14.6
A possible bottom is forming for: CANE and $SUGAR
Trying to bottom out here: BGS, BMY, CHD, CL, CLX, CPB, KMB, MRVL, XLNX
At the average oversold level: KMB
Moderately oversold: CENX, CSIQ, FCX, FL, IRBT, JCP, MBI
Trying to hold rising trend line support: BRKS, LMT, SHAK
Attempting to hold the 65 DMA: AEM, GDX, GG, NUGT, SHAK
At the average overbought level: $GASO
Toppy here: MANT
A break out up or down is on the way for: COWTF, EQIX, GT
Anything posted here may be off base.

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