Signals: MU September 1, 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, September 1, 2017

MU September 1, 2017.

Yi: +12.2
A possible bottom here for CNK, GE, NTAP
Attempting to bottom out are CAKE, DBA, JJG, USO, WEN
Average oversold: CPB
Moderately oversold: CAFE
Attempting to hold the 65 DMA: I
Attempting to hold the 28 DMA: FCX, PHI, VFC
Up against the 28 DMA: NCR
Up against the 65 DMA: CSL
Up against falling trend line resistance: CSX, CSL, ROK, SNA
Moderately overbought: ATI, CAT, BRKS, CLF, GEF, LMT, NUS, PYPL, RAIL, X, XLNX
Average overbought: AVAV and GILD
Extremely overbought: GBTC
Toppy here: AAPL and CENX
A break out in either direction is on the way for: TGT and VOX
Anything posted here may be off base.

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