Signals: MU 5-14-2019

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.

Tuesday, May 14, 2019

MU 5-14-2019

Yi: +20.05
Possible bottom here for: DBA, JJGTF, MMM
Attempting to bottom out: CLX and SGGFF
Extremely oversold: SOYB
Average oversold: PBI, PTEN, SIL
Moderately oversold: CTB, $INDU, NTAP, OC, PEGI, PPG, SFTBY, TD
Attempting to hold the 65 DMA: PNC
Up against rising trend line resistance: DRI
Moderately overbought: NS
Average overbought: $NYXBT and THO
Extremely overbought: TSN
Toppy: NOW, SBUX, SYY
A break out either way on the way for: DNKN
Anything posted may be off base.

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