Signals: MU September 26, 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 26, 2018

MU September 26, 2018.

Yi: +23.64
Average oversold: $HGX, LEN, SIRI
Moderately oversold: BGS, CMG, IYE, JWN, KSS, MDC, SCHH, SGGFF, TPR
Trying to hold rising trend line support: COF, IP, IR, QCOM
Trying to hold falling trend line support: GBTC
Attempting to hold the 65 DMA: MAT and RGR
Attempting to hold the 28 DMA: AET, CW, DNB, HSY, P, PAYX, PPG
Up against falling trend line resistance: BB
Moderately overbought: CHK, $CRB, DBC, UGA, $WTIC, XLE, $XOI
Average overbought: RYE, OILNF, USL, $UST3M
Getting toppy: AIG and CSCO
A break out either way is on the way for: DBP, IAU, RAIL, SYY, VOT
Anything posted on these pages may be off base.

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