Signals: MU September 7, 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, September 7, 2017

MU September 7, 2017.

Yi: +11.87
Possible bottom for: AVP
Attempting to bottom out: RGR
Extremely oversold: TRV
Average oversold: DUST
Moderately oversold: ALL, SHLD, $UST30Y
Attempting to hold rising trend line support: AAPL
Up against the 28 DMA: GT
Up against the 65 DMA: IP and SPWR
Up against falling trend line resistance: DPS and QVCA
Up against rising trend line resistance: PEGI and USO
Moderately overbought: IDA, O, ORCL
Average overbought: $SILVER, SIVR, UGLD, #XAU
Toppy here: ABX, AEM, AGQ, AVAV, CAT, GDX, NEM, RGLD
A possible top for: $COPPER
Setting up to break out either way: DE, FSLR, SNAP, WDC
Anything posted may be off base.

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