Signals: MU May 31, 2018.

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, May 31, 2018

MU May 31, 2018.

Yi: +18.55
Trying to bottom out: A, AA, RY
Extremely oversold: DB
Average oversold: C and EFV
Moderately oversold: A, AA, BAC, BWA, COPX, CWI, DIS, DWDP, FNDF, FXI
Trying to hold rising trend line support: APD, DBO, $DJW
Attempting to hold the 65 DMA here: CLF
Attempting to hold the 28 DMA here: DBC, DNKN, EMR
Up against falling trend line resistance: FXP
Moderately overbought: AEM
Average overbought: BALTF, BRKS, CREE
A break out up or down on the way for: ABX, BA, CVS, CRUS
Anything posyed here may be off base.

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