Signals: MU October 2, 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.

Tuesday, October 2, 2018

MU October 2, 2018.

Yi: +23.88
Attempting to bottom out: CC, F, GM, LEN, NDAQ, PAG
Extremely oversold: JCP
At the average oversold level: $COTTON, IP, LEN, LL
Moderately oversold: BAC, CALM, CG, DWDP, GS, IYG, MCO, MMC, MS, PAG, PNC
Trying to hold rising trend line support: FXF, MAT, PAYX
Attempting to hold the 65 DMA: CTB, JPM, USB
Attempting to hold the 28 DMA: C, GFI, MBI, MET, SNA, VGK
Up against the 28 DMA: MRVL
Up against falling trend line resistance: IRBT and SMH
Up against rising trend line resistance: S, SFTBY, V
Moderately overbought: DIS
Getting toppy: WBA and YUM
A break out either way is on the way for: AMAT, DE, LM, M
Anything posted on these pages may be off base.

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