Signals: MU June 22, 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.

Thursday, June 22, 2017

MU June 22, 2017.

Yi: +11.2
ASA, AU, AXP, $DJGSP and P are possibly forming a bottom.
AGQ, DIS, GDX, JNUG, NEM, NUGT and SIVR are trying to bottom out.
FL is extremely oversold.
AEM, CEF, CTB, DBP, GLDI, IAU, INTC and RS are moderately oversold.
ATI and HA are attempting to hold rising trend line support.
FXF is attempting to hold the 28 DMA.
DPS, GBTC and PETX are moderately overbought.
KO and MCD are getting toppy.
AFL is possibly forming a bottom.
JACK, NOK and QCLN are setting up to break out either up or down.
Anything posted may be off base.

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