Signals: MU August 22, 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, August 22, 2017

MU August 22, 2017.

Yi: +11.42
CTB is possibly forming a bottom here.
BBBY, DAL, GE, GLW, HA, GT, NTES and SBUX are attempting to bottom out.
CMG is extremely oversold.
CNK, F and ITW are at the average oversold level.
HD, $HGX, INTC, IYE, LOW, KSS and MANT are moderately oversold.
APD and CAR are trying to hold rising trend line support.
BA, IYG and LMT are attempting to hold the 65 DMA.
AFL and MAIN are attempting to hold the 28 DMA.
SNAP is up against the 28 DMA.
GFI is moderately overbought.
TGS is toppy.
BRKS, CAT and GF are setting up to break out up or down.
Anything posted here may be off base

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