Signals: MU September 7, 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.

Friday, September 7, 2018

MU September 7, 2018.

Yi: +22.45
Trying to bottom out: ABX, BNS, SIL
Extremely oversold: AEM, NUGT, RGLD
Average oversold: TSLA
Moderately oversold: ATI, BB, HMC
Trying to hold rising trend line support: AMZN and MSFT
Attempting to hold the 65 DMA: DIS, PFF, WEN
Attempting to hold the 28 DMA: B, CMI, MSFT, $NDX, NFLX, NOK, NS
Up against the 28 DMA: AQUA and QID
Up against falling trend line resistance: CBRL, CC, SHLD, UST30Y
Up against rising trend line resistance: IR and WEC
Moderately overbought: DRI, EYE, KOLD
At the average overbought level: AET, MJ, QCOM
Getting toppy: JWN
A break out in either direction is on the way for: BAC, BALTF, MSN, RRGB, WOR
Anything posted on these pages may be off base.

No comments:

Subscribe to: Post Comments (Atom)