Signals: MU 2-13-2019

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, February 13, 2019

MU 2-13-2019

Yi: +17.49
Trying to bottom out: HMC
Average oversold: FXF
Moderately oversold: CNK, $COTTON, GILD, MS, PPLT, TAP
Attempting to hold the 65 DMA: KOL
Attempting to hold the 28 DMA: AU, GF, TGT
Up against the 65 DMA: MED
Up against falling trend line resistance: RRGB
Up against rising trend line resistance: AVP
Moderately overbought: KMB
Average overbought: KDP
Toppy: ALEX, CMG, SCHH
A break out either way is on the way for: CAKE, CBRL, $GASO, SGGFF
Anything posted on these pages may be off base.

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