Signals: MU June 20, 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.

Tuesday, June 20, 2017

MU June 20, 2017.

Yi: +11.75
HPE is possibly forming a bottom.
AA, CMG, CTB, RRGB, SNAP, SYMC and TWTR are attempting to bottom out.
FL is extremely oversold.
BGS and COST are oversold.
BWA, $DJGSP, FLO, NEM, S and SPLS are moderately oversold.
CENX and MAT are attempting to hold rising trend line support.
TILE is attempting to hold the 65 DMA.
BBY and DRI are attempting to hold the 28 DMA.
APD and CNK are up against falling trend line resistance.
AET and CAT are up against rising trend line resistance.
IR, PAYX and WEAT are moderately overbought.
WFM is overbought.
TRV is toppy here.
MMC is possibly forming a top.
F and JACK are setting up to break out either up or down.
Anything posted may be off base.

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