Signals: MU October 3, 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.

Wednesday, October 3, 2018

MU October 3, 2018.

Yi: +23.85
Attempting to bottom out at this level: AMTD, CEF, NIB, TAP, UGLD, WY
At the average oversold level: AMTD, $HGX, MTH, NIB, TPX, VLY
Moderately oversold: BGS, DB, PYPL, TILE, TSN, UYG
Trying to hold rising trend line support: B, FXF, SBUX
Trying to hold falling trend line support: CRUS
Attempting to hold the 28 DMA: B
Up against the 28 DMA: AQUA and PHI
Up against falling trend line resistance: SGGFF and TXN
Moderately overbought: $GASO, MKC, QLD, QQQ, RSX, $SUGAR
At the average overbought level: DBO, OILU, UGA, USL, USO, UNG, $WTIC
Getting toppy: I and V
A break out either way is on the way for: FCX, LM, TUP
Anything posted on these pages may be off base.

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