Signals: MU 10-31-2019

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 31, 2019

MU 10-31-2019

Yi: +25.75
Attempting to bottom out: FIZZ, HSY, VFC, $VIX
Extremely oversold: TUP
Moderately oversold: AKAM, CMG, KOLD
Trying to hold rising trend line support: $HGX, MTH, RY
Trying to hold falling trend line support: RGLD
Attempting to hold the 65 DMA: YYY
Attempting to hold the 28 DMA: LOW
Up against the 65 DMA: UL
Up against the 28 DMA: DRI and LMT
Up against rising trend line resistance: SYY
Moderately overbought: GM, HMC, HPQ, IWM, MAIN, MRK, VNO
Average overbought: AMP, ETN, IR, MAN
Getting toppy: BAC, BBBY, BGG, PNC, RSX, $SPX, TSM, USB, UYG
Going parabolic: BMY
A break out either way is setting up for: DE, EFV, RGR, WSO
Anything posted may be off base.

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