Signals: MU July 18, 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 18, 2017

MU July 18, 2017.

Yi: +12.8
ANF and GPC are attempting to bottom out.
IR is trying to hold rising trend line support.
C is attempting to hold the 65 DMA.
FRO, INTC and NIB are up against the 28 DMA.
ABX, CAFE, CL, CHK and KO are up against falling trend line resistance.
COH, CVY and F are up against rising trend line resistance.
AAPL, AMAT, CVGRX, $DJW, EBAY, FXI and $NDX are moderately overbought.
CSIQ is at the average overbought level.
A, AA, AET, BABA, BWA, CC, FB and IYJ are toppy here.
MGA is possibly forming a top at this level.
BBGI, DBA, DFS and LPL are setting up to break out either upwards or downwards.
Anything posted here may be off base.

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