Signals: MU November 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.

Sunday, November 25, 2018

MU November 25, 2018.

Yi: +13.82
Attempting to bottom out at this level: CAR, GILD, QRTEA, TPR, XRX
Extremely oversold: DBO, OILU, UGA, TPR
At the average oversold level: GILD
Moderately oversold: BBL, NIB, STMP, SYY, XRX
Trying to hold rising trend line support: GPC and UL
Attempting to hold the 65 DMA: KO
Attempting to hold the 28 DMA: AXP, CVS, HSY, INTC, JNJ, MKC, $NYA50R, WBA
Up against the 28 DMA: GG and WSO
Up against falling trend line resistance: $GOLD and RRGB
Moderately overbought: A, HA, PM, UGP
Has gone parabolic to the downside: USL and USO
A break out either way is on the way for: DRI
Anything posted on these pages may be off base.

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