Signals: MU 3-21-2019

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.

Thursday, March 21, 2019

MU 3-21-2019

Yi: +20.05
Extremely oversold: CAL
Moderately oversold: DIS
Trying to hold rising trend line support: CLX and LPL
Trying to hold falling trend line support: MDC and QRTEA
Attempting to hold the 65 DMA: LEN and MTH
Attempting to hold the 28 DMA: EGPT and IRBT
Up against the 65 DMA: EBAY
Up against falling trend line resistance: CTB
Up against rising trend line resistance: IQV and UGA
Moderately overbought: LOW, MMM, SBUX, SCHK, XLY, $XOI
Average overbought: AMZN, PEP, XLK
Toppy: BBY, EWI, MKC, SFTBY, SMH, $SPX, TGT, TSN, V, VOT, YUMC
Possible top here for: CMG
A break out either way on the way" AA, GE, GFI, X, XLB
Anything posted may be off base.

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