Signals: MU May 22, 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, May 22, 2018

MU May 22, 2018.

Yi: +18.9
Trying to bottom out: DRI, EQIX, FLO, GDX, IDA, NUGT, $PLAT, PPLT
Extremely oversold: CPB
Average oversold: CNK
Moderately oversold: BIDU, COWTF, $DJGSP, GS, $NYXBT, TSLA
Trying to hold rising trend line support: AEM
Attempting to hold the 65 DMA here: RRGB
Attempting to hold the 28 DMA here: C
Up against the 65 DMA: BBGI and GILD
Up against falling trend line resistance: AET and AMP
Up against rising trend line resistance: QCOM
Moderately overbought: CENX, DE, EROS, PYPL
Average overbought: DNKN
Toppy here: CSX, DLPH, $USD, UUP, WOR
A break out either upwards or downwards is on the way for: HRB and $XAU
Anything posted here may be off base.

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