Signals: MU September 20, 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.

Thursday, September 20, 2018

MU September 20, 2018.

Yi: +23.38
Attempting to bottom out in this area: ANF, BJO, JACK
At the average oversold level: CORN
Moderately oversold: BGS and TILE
Attempting to hold the 28 DMA: CANE and $SUGAR
Up agaInst the 28 DMA: AEM, GFI, NUGT, WYND
Up against falling trend line resistance: CG, PX, WDC, $XOI
Up against rising trend line resistance: SBUX, TRV, WBA
Moderately overbought: AIG, ATI, AGX, AVP, BA, COWTF, IRBT, MAT, LMT, PX, SMG
At the average overbought level: IYJ, NSC, PFE
Extremely overbought: MJ
Getting toppy: CLX, CLF, CVS, CW
Possible top here for: AVAV
A break out either way is on the way for: BBGI, DAL, EBAY, $HGX
Anything posted on these pages may be off base.

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