Signals: MU June, 11, 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.

Monday, June 11, 2018

MU June, 11, 2018.

Yi: +20.07
Trying to bottom out: FSLR
Moderately oversold: CORN and JJOFF
Trying to hold rising trend line support: GEF
Attempting to hold the 65 DMA here: BRKS
Up against the 28 DMA: $DJTENG and GS
Up against falling trend line resistance: COF, DB, HA
Up against rising trend line resistance: GPC
Moderately overbought: AET, BIDU, CSL, CVY, DNKN, GM, GPC, IR
Possibly toppy here: CREE, GE, JJNTF
A break out up or down is setting up for: ABX
Anything posted here may be off base

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