Signals: MU 2-19-2019

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.

Monday, February 18, 2019

MU 2-19-2019

Yi: +18.25
Attempting to bottom out at this level: GT, JO, PHI
Moderately oversold: JACK, KO, MDC, NUS
Attempting to hold the 65 DMA: WY
Attempting to hold the 28 DMA: WY
Up against the 28 DMA: CHD and JNPR
Up against falling trend line resistance: COST, DNKN, MANT, S
Up against rising trend line resistance: CBRL, FL, SMH, USL, WHR
Moderately overbought: BBBY, CAKE, BWA, CLX, $GASO, MRK, MU, TPX, UL
At the average overbought level: IQV, LIN, VOT, YETI
Toppy: ALEX, DRI, EQIX, OLLI, UUP
A break out either way is on the way for: CENX, FNG, TLRD
Anything posted on these pages may be off base.

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