Signals: MU October 25, 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, October 25, 2018

MU October 25, 2018.

Yi: +15.3
Attempting to bottom out: IR, LL, VFC
Average oversold: $GASO, KMB, NSC, SMG, TXN
Moderately oversold: DBO, FL, RGR, $WTIC
Trying to hold rising trend line support: PEGI
Attempting to hold the 65 DMA: $CRB
Attempting to hold the 28 DMA: $PLAT
Up against the 65 DMA: TSLA
Up against the 28 DMA: KR and PAG
Up against falling trend line resistance: KR, KSS, PEP
Moderately overbought: HSY and PETX
Average overbought: MCD
Toppy: MKC
A break out either way is on the way for: $COPPER and EYE
Anything posted here may be off base.

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