Signals: MU September 16, 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.

Sunday, September 15, 2019

MU September 16, 2019.

Yi: +24.48
Attempting to bottom out at this level: SGGFF
Extremely oversold: CANE
At the average oversold level: QID
Moderately oversold: SMG
Attempting to hold the 65 DMA: AEM
Attempting to hold the 28 DMA: MAIN and TLRD
Up against the 65 DMA: ATI
Up against the 28 DMA: BYND
Up against falling trend line resistance: DBI, EMR. FCX, IWM, LBAI
Up against rising trend line resistance: CVS
Moderately overbought: AA, ETN, KOL, JO, MAT, MMM, ROK, $SPX, VLY, WSO, YYY
At the average overbought level: BNS, CG, GS, MDC, UTX, VGK
Toppy: A, ALL, CPB. FAST, HD, LM, MGA, MTSI, SCHD, SDY, VOX, WDC, WU, WY
A break out either up or down is on the way for: XLNX
Anything posted on these pages may be off base.

No comments:

Subscribe to: Post Comments (Atom)