Signals: MU September 11, 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, September 11, 2018

MU September 11, 2018.

Yi: +22.37
Attempting to bottom out at this level: CHK, CWI, $DJTENG, DLPH, FB, FEU
Extremely oversold: DF
Average oversold: EWA, F, GM
Moderately oversold: AMTD, $CRB, $DJW, EFV, FNDF, GF, GILD, INTC
Attempting to hold the 28 DMA: FLR and JNPR
Up against fallong trend line resistance: CAT
Up against rising trend line resistance: DE
Moderately overbought: CLF
Getting toppy: AET, CLX, DRI, JNJ
A break out either way is on the way for: GLDI
Anything posted on these pages may be off base.

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