Signals: MU August 3, 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 3, 2017

MU August 3, 2017.

Yi: +13.50
ITW, PPG and SEE are attempting to bottom out.
GOOG, JJG, MOS, NOV, P, TKR, TSLA, WEAT and X are moderately oversold.
AEM is attempting to hold the 65 DMA.
CENX, RYE and SMG are attempting to hold the 28 DMA.
HD is up against the 28 DMA.
HRB is up against the 65 DMA.
ABX, APD, C, LOW, MTH, NOK, $SUGAR and TRV are moderately overbought.
FXI, FXT, LL and XRX are at the average overbought level.
BBY, DBP, FSLR, $GASO, PG and YYY are toppy.
B, BBBY and HPQ are setting up to break out up or down.
Anything posted may be off base.

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