Signals: MU 2-20-2019

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 20, 2019

MU 2-20-2019

Yi: +18.39
Average oversold: PHI
Moderately oversold: HAS and NUS
Trying to hold rising trend line support: AMAT, MAT, NTES
Attempting to hold the 28 DMA: BIDU and MAT
Up against falling trend line resistance: CAT and LL
Up against rising trend line resistance: LOW, NUGT, RYE
Moderately overbought: AVAV, CRUS, ETN, KR, PEP, PTEN, NVDA, RGR, UGA, USL
Average overbought: $GASO, GDDY, HD
Toppy: BBBY, CMG, CMI, CREE, PM, SBUX, STMP
Possible top here for: MRK and PAYX
A break out either way is on the way for: AMZN, GE, TSLA
Anything posted on these pages my be off base.

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