Signals: MU 12-31-2018

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.

Monday, December 31, 2018

MU 12-31-2018

Yi: +11.25
Attempting to bottom out in this area: BAL, BBGI, PM
Moderately oversold: JJGTF and SOYB
Up against the 65 DMA:: AMTD and MRK
Up against the 28 DMA: CHD, MBI, TROW
Up against falling trend line resistance: AFL, AIG, CVS, EBAY, HMC, MRVL, PEG, TILE, VOX
Anything posted on these pages may be off base.

Monday, December 31, 2018

MU 12-31-2018

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