Signals: MU August 17, 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.

Thursday, August 17, 2017

MU August 17, 2017.

Yi: +12.88
HAS, MOS and NCR are possibly forming a bottom here.
NTES, PETX and SBUX are attempting to bottom out in this area.
ANF, CAL, COH, EGPT, GPC, HSNI, LOW, NFLX and NUS are moderately oversold.
CAFE is attempting to hold the 65 DMA.
HPQ is attempting to hold the 28 DMA.
CSX, QCOM and $USD are up against the 28 DMA.
KMB, SCHX, $SPX and WDC are up against the 65 DMA.
SMH is up against falling trend line resistance.
A is up against rising trend line resistance.
AXP, BA, DNB, $INDU, KO, PEP, TSN and VFC are moderately overbought.
AAPL is at the average overbought level.
$INDU, LMT and TGS are getting toppy.
CAR and NDAQ are possibly forming a top in this area.
DNKN and TSLA are setting up to break out either up or down.
Anything posted here may be off base.

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