Signals: MU 4-26-2019

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 26, 2019

MU 4-26-2019

Yi: +23.66
Possible bottom here: WEAT
Attempting to bottom out: BMY
Average oversold: CORN, JJGTF, MMM, NOK
Moderately oversold: BB, BBL, IRBT, LPL
Trying to hold rising trend line support: EFV, HMC, KMB, $PLAT
Attempting to hold the 65 DMA: NIB
Attempting to hold the 28 DMA: CWI, FEU, FNDF, MKC, NTAP, XLB
Up against the 65 DMA: I
Up against the 28 DMA: SCHH
Up against falling trend line resistance: AVP and CSIQ
Up against rising trend line resistance: AHH, MTH, $NDX
Moderately overbought: CAKE, MED, PINS, $USD, UUP
Average overbought: BR, F, FB, HAS, HSY, MCD, MSFT, NOW, SOYB
Toppy: CRUS, DBO, ETN, KOLD, NSC, QCOM, SMG, XLK
Possible top here for: AAPL, CREE, SMH
A break out either way on the way for: IBM and JPM
Anything posted may be off base.

No comments:

Subscribe to: Post Comments (Atom)