Signals: MU August 16, 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, August 16, 2017

MU August 16, 2017.

Yi: +12.74
KMB is possibly forming a bottom in this area.
GT and MAT are attempting to bottom out.
MAT is extremely oversold.
$CRB, IYE, XLE and $XOI are moderately oversold.
$GASO, UGA and $WTIC are attempting to hold the 28 DMA.
DAL and GM are up against falling trend line resistance.
$CRB, HRB, I, $INDU, JACK, TSN and YUM are moderately overbought.
TGS is at the average overbought level.
GBTC is getting toppy here, or so it appears.
SHLD, T, X and YUMC are setting up to break out up or down.
Anything posted here may be totally off base.

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