Signals: MU June 14, 2017.

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.

Wednesday, June 14, 2017

MU June 14, 2017.

Yi: +11.4
CMG and MAT are attempting to bottom out.
P is extremely oversold.
NFLX, RRGB and WEN are moderately oversold.
A, AET and EBAY are attempting to hold rising trend line support.
PYPL and WYN are attempting to hold the 65 DMA.
AEM, NUGT, RGLD and TGS are attempting to hold the 28 DMA.
DIS is up against the 65 DMA.
MANT is up against falling trend line resistance.
AIG is up against rising trend line resistance.
ATI, BAC, BNS, GT, MET, PRU, SCHW and WFC are moderately overbought.
AMTD and MMC are toppy.
RGR is possibly forming a top.
Anything posted may be off base.

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