Signals: MU June 5, 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.

Tuesday, June 5, 2018

MU June 5, 2018.

Yi: +19.09
Trying to bottom out: BBY, DIS, DM, HPE, IBM, MAN, QRTEA, TUP, XRX
Average oversold: CAR and CSIQ
Moderately oversold: PTEN
Trying to hold rising trend line support: DNKN
Trying to hold falling trend line support: MKC
Attempting to hold the 28 DMA here: CAL and MJ
Up against the 28 DMA here: IFN
Up against falling trend line resistance: ITW
Up against rising trend line resistance: AAPL, INTC, NOW
Moderately overbought: EROS, FAST, MCHP, Z
Average overbought: FB
Toppy here: BALTF, BRKS, CSX, INTC, STMP
A break out up or down is on the way for: DUST, NUGT, T
Anything posted here may be off base.

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