Signals: MU September 2, 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 1, 2019

MU September 2, 2019.

Yi: +21.7
Attempting to bottom out: REMX
At the average oversold level: ANF
Moderately oversold: BBY and KOLD
Attempting to hold some rising trend line support: AEM
Attempting to hold the 28 DMA: $VIX
Up against the 65 DMA: DE, EWI, LM
Up against the 28 DMA: CWI, DIS, GS, JPM, MS, QLD, VFC
Up against falling trend line resistance: A, D, JWN
Moderately overbought: BABA, BNS, I, KO, MGA, PEG, WFC, WY
At the average overbought level: LOW, PEP, STX, SYY
Toppy: PG and TGT
A break out either way on the way for: ALL, BIDU, FLO
Anything posted here could be off base.

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