Signals: MU 4-12-2019

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, April 12, 2019

MU 4-12-2019

Yi: +22.2
Attempting to bottom out: AVAV, BA, BBL, BMY
Average oversold: JCP, LYFT, X
Moderately oversold: SNA and WFC
Trying to hold rising trend line support: AGX and XOM
Attempting to hold the 28 DMA: WSO and YUMC
Up against the 28 DMA: AMTD
Moderately overbought: GM, JNPR, LPL
Average overbought: FSLR, OILU, UGA, USO, VOX
Toppy: CRUS, DIS, TSM, $WTIC
Possible top here for: $CRB and PYPL
A break out either way on the way: BRKS, IP, IYE, MAT, NVDA, PEG, RYE
Anything posted here may be off base.

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