Signals: MU October 22, 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 22, 2018

MU October 22, 2018.

Yi: +19.02
Possible bottom here for: F
Attempting to bottom out: GM and JCP
Extremely oversold: AQUA, HD, SNA
Average oversold: $GASO
Moderately oversold: BBL, CMI, LOW, NSC, $WTIC
Trying to hold rising trend line support: RSX
Trying to hold falling trend line support: GT, MAN, MGA
Attempting to hold the 65 DMA: DE, LMT, TGT, USO
Up against the 65 DMA: ALL
Up against the 28 DMA: PYPL and SPWR
Up against falling trend line resistance: PYPL and UP
Moderately overbought: PM
Average overbought: SGGFF
Toppy: ABX and CNK
Possible top here for: CANE
A break out either way is on the way for: MOS
Anything posted here may be off base.

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