Signals: MU 4-17-2019

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, April 17, 2019

MU 4-17-2019

Yi: +22.87
Attempting to bottom out: FIZZ, GE, LYFT, UGP, XON, WBA
Moderately oversold: AA, GEF, JACK, MJ, NVS
Trying to hold rising trend line support: AU, MAT, KSS
Attempting to hold the 65 DMA: NVDA
Attempting to hold the 28 DMA: SEE and WHR
Up against rising trend line resistance: CL, FLO, GF, INTC, HD, IFN, V
Moderaly overbought: ANF and SVXY
Average overbought: DNKN
Toppy: CHD, CREE, PAYX, MKC, SWK, VOT
A break out either way on the way for: YETI
Anything posted may be off base.

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