Signals: MU June 16, 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.

Friday, June 16, 2017

MU June 16, 2017.

Yi: +11.1
UNG is trying to bottom out.
$CRB and $GASO are extremely oversold.
CSL is oversold.
BRKS, DBA, GFI, LL and STX are moderately oversold.
AEM and JNUG are trying to hold rising trend line support.
SBUX is trying to hold the 65 DMA.
BBRY, GBTC, GDDY, MGA, NTES, PYPL and SHAK are trying to hold the 28 DMA.
$DJW is up against the 28 DMA.
DPS and LOW are up against the 65 DMA.
BMY is up against falling trend line resistance.
TSN is toppy here.
PEG, TGS, SHLD and YUMC are setting up to break out up or down.
Anything posted may be off base.

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