Signals: MU 2-15-2019

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.

Friday, February 15, 2019

MU 2-15-2019

Yi: +17.27
Trying to bottom out: CNK and MCD
Moderately oversold: PHI
Trying to hold rising trend line support: AEM, GLD, MANT
Attempting to hold the 28 DMA: AEM, GG, PEGI
Up against the 65 DMA: JNJ and RAIL
Up against rising trend line resistance: $HGX, IJH, IJR, IWM, IYJ
Moderately overbought: B, LOW, MTSI, ROK
Average overbought: BBBY, CSCO, IR, IYJ
Toppy: A, ALL, AMP, AXP, EMR, LMT, MAN, MAT, MCHP, MMC, MMM, PG
A break out either way is on the way for: AAPL, FNG, IAU
Anything posted on these pages may be off base.

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