Signals: MU August 8, 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 8, 2017

MU August 8, 2017.

Yi: +13.51
CAKE and RRGB are possibly forming a bottom.
CENX, GT, IP and PAG are attempting to bottom out..
MTSI is extremely oversold.
AU, AVP, BGS, GG and SHAK are average oversold.
AGQ, CREE and SYMC are moderately oversold.
NUS is attempting to hold the 65 DMA.
CANE, GDX, GILD and MSI are attempting to hold the 28 DMA.
ANF and BR are up against the 28 DMA.
LOW and HD are up against the 65 DMA.
FLO is up against falling trend line resistance.
$FTSE and I are moderately overbought.
DNB and RAIL are average overbought.
HBI, NDAQ, NOK, $PLAT and STMP are a bit toppy here.
M and MCD are setting up to break out either up or down.
Anything posted may be off base.

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