Signals: MU June 6, 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 6, 2018

MU June 6, 2018.

Yi: +19.165
Trying to bottom out: CNK, CRUS, JACK
Extremely oversold: AVP and CSIQ
Average oversold: OILU, QID, SFIX, SHLD
Moderately oversold: ABX, BMY, CBRL, CG, CORN, $CRB, DBA, DBO, GE, NEM
Attempting to hold the 65 DMA here: RJI
Attempting to hold the 28 DMA here: CANE, MOS, RGR, SGGFF
Up against the 28 DMA here: NOK
Up against the 65 DMA here: MANT
Up against falling trend line resistance: JNJ
Up against rising trend line resistance: CVY
Moderately overbought: BIDU, BKS, GILD, GM, GOOG, IP, KO, MAT, SCHH, $SPX
Average overbought: BABA, MCHP, $NDX, NS, QLD
Toppy here: BABA, GDDY, NS
A break out up or down is setting up for: AGQ, FLR, MCD
Anything posted here may be off base.

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