Signals: MU September 6, 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.

Wednesday, September 6, 2017

MU September 6, 2017.

Yi: +11.55
Attempting to bottom out: BBY and CPB
Extremely oversold: HPE
Average oversold: CPB
Attempting to hold the 65 DMA: LMT
Up against the 28 DMA: QVCA, RYE, WHR, WSO, $XOI
Up against the 65 DMA: IRBT
Up against falling trend line resistance: HSNI, HD, KR, ORCL, RS
Up against rising trend line resistance: IP, O, $SILVER
Moderately overbought: AGX, DLPH, DNB, F, GM, KSS, MANT, MU, NUS
Toppy here: HA, ANF, CEF, GILD, JJN
A possible top in place for: $COPPER
Setting up to break out in either direction: FLO, IBM, WDC
Anything posted here may be off base.

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