Signals: MU December 17, 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 17, 2018

MU December 17, 2018.

Yi: +12.78
Attempting to bottom out at this level: ALEX. BAC, C, LL, MOS, WFC
Extremely oversold: C, CAR, HBI, KORS, THO, WGO
At the average oversold level: MAN, NTR, OC, PNC, USB, YETI
Moderately oversold: IP, JNJ, PPG
Trying to hold falling trend line support: BBY
Up against falling trend line resistance: LOW
Moderately overbought: BGS, NUGT, PG
At the average overbought level: KMB
Toppy: AU and GDX
A break out either way is on the way for: BNS, $COPPER, DIS, EBAY, MCD
Anything posted on these pages may be off base.

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