Signals: MU July 26, 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 26, 2017

MU July 26, 2017.

Yi: +13.35
GPC, HD, SBUX and SNA are trying to bottom out in this area.
CMG, FL and SNAP are extremely oversold.
PTEN, PPG and QCOM are moderately oversold.
BBRY, F and IR are trying to hold rising trend line resistance.
MAN, MANT and SHLD are attempting to hold the 65 DMA.
ASA, F and NOW are attempting to hold the 28 DMA.
IRBT and TSLA are up against the 28 DMA.
CANE, CEF, DBP and GLDI are up against the 65 DMA.
AAPL is up against falling trend line resistance.
DNB and STMP are moderately overbought.
GILD, MMC, NFLX and RGLD are average overbought.
PFF and QCLN are toppy.
AVAV, CREE and LEN are setting up to break out up or down.
Anything posted here may be off base.

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