Signals: MU October 5, 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.

Friday, October 5, 2018

MU October 5, 2018.

Yi: +22.59
Attempting to bottom out: CREE and FLO
Extremely oversold: KOLD
Average oversold: CRUS, IP, SEE
Moderately oversold: KMB, MAIN, PEP, RGR
Trying to hold rising trend line support: NOW
Attempting to hold the 28 DMA: AVAV, EFV, JNJ, KO
Up against the 28 DMA: CC
Up against falling trend line resistance: NOV
Up against rising trend line resistance: BMY and PFE
Moderately overbought: CMI, EMR, MOS
At the average overbought level: BA, DE, IYE
Getting toppy: CSCO, DBO, DIS
A break out either way is on the way for: IDA
Anything posted on these pages may be off base.

No comments:

Subscribe to: Post Comments (Atom)