Signals: MU October 1, 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.

Monday, October 1, 2018

MU October 1, 2018.

Yi: +23.54
Possible bottom for: CANE
Attempting to bottom out at this level: SGGFF
Extremely oversold: DF
At the average oversold level: WFC
Moderately oversold: BWA, CC, CRUS, STX
Trying to hold rising trend line support: DBA, EWI, IWM, MDC, PG
Trying to hold falling trend line support: F
Attempting to hold the 65 DMA: CALM, CL, FCX, IJH, MDY, PPG, TRV
Attempting to hold the 28 DMA: CLX, FLR, HD, IYJ, MMM, QCOM, SCHD
Up against the 65 DMA: GOOG and USB
Up against falling trend line resistance: AAPL and FL
Up against rising trend line resistance: CHT
Moderately overbought: AMZN, $DJTENG, DSW, EYE, $GASO, GDDY, LMT, NFLX, S, SHAK
Getting toppy: ATI
A break out either way is on the way for: FAST, GBTC, JWN, NCR, $SPX, YUMC
Anything posted on these pages may be off base.

No comments:

Subscribe to: Post Comments (Atom)