Signals: MU September 27, 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 27, 2018

MU September 27, 2018.

Yi: +23.3
Attempting to bottom out at this level: UGP and WY
Average oversold: FLO, GE, MCHP
Moderately oversold: BGS, CNK, GM, IP, MAIN, SEE, XRX
Trying to hold rising trend line support: BNS, HPE, KSS, MMM, PETX, SMG
Trying to hold falling trend line support: TAP
Attempting to hold the 28 DMA: AVP, KO, PG
Up against the 28 DMA: AGQ and FB
Moderately overbought: ATI, FEU, IQV, JJGTF, MCD, ORCL, PAG
At the average overbought level: I, MBI, YUM
Getting toppy: IYE and XOM
A break out either way is on the way for: PYPL
Anything posted on these pages may be off base.

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