Signals: MU 11-18-2019

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, November 18, 2019

MU 11-18-2019

Yi: +27.33
Possible bottom here for: OXY
Attempting to bottom out at this level: EBAY and TAP
At the average oversold level: I and MJ
Moderately oversold: CSCO, DB, IBM, KOL
Trying to hold rising trend line support: AXP, HPE, WU, $XOI
Attempting to hold the 65 DMA: $COPPER
Attempting to hold the 28 DMA: CSX, GM, IFN, PTEN, SNA, STMP, WOR
Up against the 65 DMA: FXF
Up against the 28 DMA: MTH
Up against rising trend line resistance: CW and HD
Moderately overbought: CALM, $HGX, KDP, OC
At the average overbought level: ALL
Getting toppy: SMG
A break out either way is setting up for: BGS, BRKS, $GASO, PPG, YUM
Anything posted on these pages may be off base.

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