Signals: MU September 5, 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 5, 2018

MU September 5, 2018.

Yi: +23.08
Attempting to bottom out in this area: BBBY, BJO, QID
Extremely oversold: AGQ
At the average oversold level: CAR
Moderately oversold: BA, BNS, CMG, BWA, CG, GT, RS, T
Trying to hold rising trend line support: HAS
Trying to hold falling trend line support: WDC
Attempting to hold the 65 DMA: CSX and NSC
Attempting to hold the 28 DMA: AFL, CSL, CTB, HA, MET, PG, WFC
Up against the 28 DMA: CANE
Moderately overbought: A, AET, CIEN, ROK
At the average overbought level: RGR and YUM
Getting toppy at this level: AAPL, CAL, OILU, QLD
A break out in either direction is on the way for: S
Anything posted on these pages may be off base.

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