Signals: MU November 13, 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, November 13, 2018

MU November 13, 2018.

Yi: +17.75
Attempting to bottom out in this area: Z
At the average oversold level: GDDY
Moderately oversold: AA, AEM, BRKS
Trying to hold rising trend line support: CLF and $COPPER
Trying to hold falling trend line support: GS and JJNTF
Attempting to hold the 65 DMA here: DBA
Attempting to hold the 28 DMA: ANF, CNK, GFI, WOR
Up against rising trend line resistance: $USD and UUP
Moderately overbought: BGS, CMG, CREE, QRTEA, SCHH, WEC
At the average overbought level: PEP
Extremely overbought: PG
Toppy: AET, CMG, KSS, MCD, NVS, PEP, WBA
A break out either way is on the way for: SOYB and TSN
Anything posted on these pages may be off base.

No comments:

Subscribe to: Post Comments (Atom)