Signals: MU July 11, 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, July 11, 2017

MU July 11, 2017.

Yi: +11.7
AGQ is possibly forming a bottom in this area.
CHK, DIS, DF, GE, JNUG, RYE, STX, TSLA and VOX are attempting to bottom out.
CEF, GE, SIVR and SLV are at the average oversold level.
JJN and WY are moderately oversold.
ATI and DFS are attempting to hold rising trend line support.
NAT and SHLD are attempting to hold the 28 DMA.
GT is up against falling trend line resistance.
LMT is up against rising trend line resistance.
CC, IR, LMT and SMG are moderately overbought.
DAL and SOYB are at the average overbought level.
JPM is possibly forming a top in this area.
AIG, AFL, I and PPG are setting up to break out in either direction.
Anything posted may be off base.

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