Signals: MU 10-25-2019

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, October 25, 2019

MU 10-25-2019

Yi: +24.45
Trying to bottom out: CANE, IQV, MAT, NTR, TGS, $UST3M
Extremely oversold: IRBT and TWTR
Average oversold: HSY
Moderately oversold: EBAY, GIS, MSI, VFC, YUM
Attempting to hold the 28 DMA: HA and LL
Up against the 65 DMA: BBL and CBRL
Up against falling trend line resistance: ANF, BBL, GILD, KOL, KR
Up against rising trend line resistance: PG
Moderately overbought: AMP, BWA, C, CC, ETN, GLW, GS, LBAI, PEG
Average overbought: BAC and FAST
Getting toppy: CMI, EMR, FL, GPC, JPM
Going parabolic: AAPL
A break out either way is setting up for: A, BIDU, BNS, EGPT, $INDU, PFE, REMX
Anything posted may be off base.

No comments:

Subscribe to: Post Comments (Atom)