Signals: MU July 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.

Friday, July 20, 2018

MU July 20, 2018.

Yi: +19.76
Attempting to bottom out at this level: CEF and NUS
At the average oversold level: IAU
Moderately oversold: BBBY, HSY, JACK, MAT, NUS
Trying to hold rising trend line support: AEM and AET
Attempting to hold the 65 DMA: CHD and GE
Attempting to hold the 28 DMA: CIEN, DF, $DJTENG
Up against the 28 DMA: ATI and MCHP
Up against rising trend line resistance: CG
At the moderately overbought level: AMTD, CSX, DAL, GLW, HPE, MAIN, NDAQ
At the average overbought level: DIS and MMC
Getting toppy: AMZN, BA, EYE, $INDU, MSI
A break out up or down is setting up for: BMY and EROS
Anything posted on these pages may be off base.

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