Signals: MU July 12, 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, July 12, 2017

MU July 12, 2017.

Yi: +11.6
GE is possibly forming a bottom.
AHH, GG and XOM are attempting to bottom out.
ANF, BBBY, BGS and COST are oversold.
BBY, CALM, CVS, GPC, O and SFTBY are moderately oversold.
Z is trying to hold rising trend line support.
GILD and WSO are attempting to hold the 65 DMA.
DFS and JWN are attempting to hold the 28 DMA.
MCHP is up against the 65 DMA.
BWA, CREE and SEE are now up against rising trend line resistance.
BWA, CREE, DLPH, LMT and ROK are moderately overbought.
DAL, IR and SWK are toppy here.
PRU is attempting to form a top in this area.
CSL, MAT and WYN are setting up to break out upwards or downwards.
Anything posted may be off base.

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