Signals: MU August 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.

Friday, August 11, 2017

MU August 11, 2017.

Yi: +11.76
PAYX is attempting to bottom out in this area.
DF and PTEN are extremely oversold.
CALM is moderately oversold.
ANF and $GASO are attempting to hold the 65 DMA.
SIRI is attempting to hold the 28 DMA.
PHI is up against the 28 DMA.
$USD is up against the 65 DMA.
ASA is up against falling trend line resistance.
DPS and MED are moderately overbought.
LMT is at the average overbought area.
AFL is a bit toppy here.
$COPPER is possibly forming a top.
Anything posted may be off base.

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