Signals: MU 4-18-2019

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, April 18, 2019

MU 4-18-2019

Yi: +22.65
Attempting to bottom out: STMP
Moderately oversold: CLF, GLD, JACK, MJ, NUGT, WEAT
Attempting to hold the 65 DMA: AVP and IBM
Attempting to hold the 28 DMA: BBL
Up against the 28 DMA: TLRD
Up against falling trend line resistance: BA and DB
Moderately overbought: BGG, C, FCX, HPE, KLIC, MAIN, MDR, SFTBY
Average overbought: CMI, CRUS, CSX, MCHP, OC, PPG, QCOM, ROK, SCHD, SMH, TSM
Toppy: BWA, SCHK, SDY
Possible top here: MDY and SWK
Going parabolic: MRVL
A break out either way on the way for: LIN and LPL
Anything posted here may be off base.

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