Signals: MU August 31, 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 31, 2017

MU August 31, 2017.

Yi: +11.65
Attempting to bottom out: DUST, INTC, JACK
Moderately oversold: BBY, DNKN, HRB, MTH
Trying to hold falling trend line support: CAFE
Attempting to hold the 65 DMA: KO
Up against the 65 DMA: DIS and I
Up against rising trend line resistance: AAPL
Moderately overbought: ABX, DBP, MU
Toppy here: $COPPER and COPX
A possible top here for: CPER
Setting up to break out in either direction: BBBY, CC, DPS, FL, JCP, NDAQ
Anything posted here may be off base.

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