Signals: MU June 27, 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 27, 2018

MU June 27, 2018.

Yi: +18.2
Trying to bottom out: $HGX
Average oversold: BB
Moderately oversold: A, AMTD, BA, BAC, $COPPER, CSCO, $DJW, EBAY, ETN
Trying to hold rising trend line support: GPC
Trying to hold falling trend line support: GS
Attempting to hold the 65 DMA here: BABA, F, FNG
Attempting to hold the 28 DMA here: AMZN, BRKS, FL, GOOG
Average overbought: CLX and D
Possible top here for: BGS
A break out either way is on the way for: AQUA
Anything posted here may be off base.

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