Signals: MU August 4, 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.

Friday, August 4, 2017

MU August 4, 2017.

Yi: +13.42
GE and HA are trying to bottom out.
SNAP is extremely oversold.
EROS and KLIC are at the average oversold level.
AMAT, CORN, CTB, CSX, LM, NTES, P, SPWR and XLNX are moderately oversold.
DIS is attempting to hold rising trend line support.
QCLN is attempting to hold the 65 DMA.
AMTD, BABA, HPE and SMH are attempting to hold the 28 DMA.
HRB is up against the 28 DMA.
BAC is up against falling trend line resistance.
HMC, INTC, LOW and MDLOX are moderately overbought.
AFL, AIG and LL are average overbought.
C, $DJTENG, GF, V and XRX are toppy.
FXT is possibly forming a top at this level.
CLF, CSIQ, DPS, EQIX and MMC are setting up to break out up or down.
Anything posted may be off base.

No comments:

Subscribe to: Post Comments (Atom)