Signals: MU 10-10-2019

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, October 10, 2019

MU 10-10-2019

Yi: +21.57
Possible bottom here: OLLI
Trying to bottom out: ANF, CC, IP, MOS, REMX, SFTBY, TSN, $UST30Y
Average oversold: IR, IRBT, NCR, MMM, RAIL
Moderately oversold: CAKE, CNK, CVY, CPRI, FLO, GPC, LM, MGA, PPC, SU, YUMC
Trying to hold rising trend line support: AVP, BIDU, IDA, TROW
Attempting to hold the 65 DMA: $SUGAR
Attempting to hold the 28 DMA: IDA, JACK, KLIC, KMB, WEC
Up against the 28 DMA: GOLD, NEM, PEG, TAP, $XAU
Up against falling trend line resistance: MCD
Moderately oversold: AU and SOYB
A break out either way is setting up for: HAS, $HGX, $WTIC
Anything posted may be off base.

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