Signals: MU June 20, 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.

Wednesday, June 20, 2018

MU June 20, 2018.

Yi: +19.29
Trying to bottom out: $NYXBT
Extremely oversold: JJOFF, LPL, REMX
Average oversold: CORN, DBA, JJGTF, PTEN, RSX, SOYB
Moderately oversold: AMAT, CANE, CEF, CHT, $CRB, CWI, FCX, IAU, MS, MTH
Trying to hold rising trend line support: $DJW and SCHK
Trying to hold falling trend line support: GLD and NVS
Attempting to hold the 28 DMA here: EBAY and MSFT
Up against the 28 DMA: LBCC
Moderately overbought: CNK, DPS, DRI, JACK
Average overbought: NTAP
Extremely overbought: MED
Getting a bit toppy here: FB and PEG
Possible top here for: DNKN and STMP
Going parabolic at this point: NFLX
A break out in either direction is on the way for: ANF GBTC, GT
Anything posted here may be off base.

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