Signals: MU 2-25-2019

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 25, 2019

MU 2-25-2019

+18.94
Attempting to bottom out in this area: PHI
Extremely oversold: STMP
At the average oversold level: CVS
Moderately oversold: MANT and TSLA
Trying to hold rising trend line support: KDP, RY, WBA
Attempting to hold the 65 DMA: UGP
Attempting to hold the 28 DMA: GOOG, KR, MED, OC
Up against falling trend line resistance: BGG and CLX
Moderately overbought: HSY, LBAI, MCD, MSFT, NEM, PBI, $PLAT, PPLT, S, X
At the average overbought level: LIN, PEG, PPG, RS
Toppy: KLIC, RS, TPX
Possible top here for: SMG
A break out either way is on the way for: QRTEA and SHAK
Anything posted on these pages may be off base.

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