Signals: MU 10-28-2019

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.

Monday, October 28, 2019

MU 10-28-2019

Yi: +24.86
Trying to bottom out: HAS, JACK, SPWR, TGS, TSN, YUM
At the average oversold level: SMG
Moderately oversold: PPC and VFC
Trying to hold rising trend line support: HD
Attempting to hold the 65 DMA: ORCL
Attempting to hold the 28 DMA: AXP, CORN, SYY
Up against the 28 DMA: JJNTF, LM, MJ
Up against falling trend line resistance: TD
Up against rising trend line resistance: RGR and UGP
Moderately overbought: AEM, AU, NTAP, PEG, $PLAT, PPLT, UGA
At the average overbought level: BRKS and EFV
Getting toppy: BBBY and $HGX
A break out either way is setting up for: CALM, DBA, I, JJGTF, M, REMX
Anything posted may be off base.

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