Signals: MU November 28, 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, November 28, 2018

MU November 28, 2018.

Yi: +15.28
Attempting to bottom out at this level: $CRB, EYE, FCX, HD, NIB, NFLX
At the average oversold level: CLF
Trying to hold rising trend line support: CRUS and $VIX
Trying to hold falling trend line support: BBL and DBA
Attempting to hold the 65 DMA: SBUX
Attempting to hold the 28 DMA: DRI and EGPT
Up against the 28 DMA: AMP, CAR, MAT
Up against falling trend line resistance: DE, DSW, LM, TWTR
Moderately overbought: DAL and FL
At the average overbought level: WHR
A break out either way is on the way for: AGX, IP, ROK, SWK
Anything posted on these pages may be off base.

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