Signals: MU July 17, 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, July 17, 2018

MU July 17, 2018.

Yi: +20.72
Possible bottom here for: $SUGAR
Attempting to bottom out: CANE, JJGTF, PPC, SGGFF, SOYB, $UST30Y
At the average oversold level: PTEN
Moderately oversold: $XAU
Attempting to hold the 28 DMA: AEM, AU, HBI, NFLX
Up against the 65 DMA: PHI
Up against the 28 DMA: SIRI
Up against falling trend line resistance: P and TSM
Moderately overbought: AAPL, I, KOLD, LMT, ORCL, UTX
At the average overbought level: DIS, GOOG, IQV, KLIC, MMC, MSFT, NTAP
Getting toppy: AET, AMZN, DRI, GDDY, IQV, QLD, VOT, XLY
A break out up or down is on the way for: BABA, EFV, $HGX, MGA, RS, TD
Anything posted on these pages may be off base.

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