Signals: MU September 19, 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, September 19, 2018

MU September 19, 2018.

Yi: +23.25
Attempting to bottom out at this level: AQUA, CHK, CRUS, EGPT, FSLR, STMP
Extremely oversold: BJO
At the average oversold level: CBRL, CREE, EGPT
Moderately oversold: DIS, MCD, NDAQ, PG, WFC
Trying to hold rising trend line support: $GASO, GPC, JACK, PYPL, QQQ, TSN
Trying to hold falling trend line support: FB
Attempting tp hold the 65 DMA: GPC
Attempting to hold the 28 DMA: AAPL, COST, DNKN, EYE, PYPL, TSN
Up against the 28 DMA: FCX, JCP, RRGP, TUP, X
Up against falling trend line resistance: GT, HPE, NOK, QID, RAIL, WDC, WOR
Up against rising trend line resistance: CTB
Moderately overbought: IP, ITW, NTR, SEE, TGS
At the average overbought level: AXP and CW
Getting toppy: MKC
A break out in ether direction is on the way for: BBGI and D
Anything posted on these pages may be off base.

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