Signals: MU August 13, 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.

Monday, August 13, 2018

MU August 13, 2018.

Yi: +21.37
Possible bottom here for: QID
Trying to bottom out: KOLD and X
At the average oversold level: AQUA, BABA, BIDU, MGA
Moderately oversold: AMP and STX
Trying to hold rising trend line support: RYE and XLE
Attempting to hold the 28 DMA: BALTF
Up against falling trend line resistance: CEF and CHT
Up against rising trend line resistance: CMG and VFC
Moderately overbought: DNKN, JACK, M, PYPL, UNG, V, WEC, WEN
At the average overbought level: DNB, EYE, IDA
Getting toppy: CMG, IDA, MSFT, QLD, XLK, XLY
Possible top here for: CREE and GPC
A break out either way is on the way for: AU, GBTC, LPL, TWTR
Anything posted on these pages may be off base.

No comments:

Subscribe to: Post Comments (Atom)