Signals: MU July 24, 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 24, 2018

MU July 24, 2018.

Yi: +19.86
Attempting to bottom out at this level: AA and TAP
At the average oversold level: YUMC
Moderately oversold: GE, MTSI, NFLX, STX, T
Trying to hold rising trend line support: NVDA, WDC, VOX, XOM
Attempting to hold the 65 DMA: HPQ
Attempting to hold the 28 DMA: AET, HPE, KR
Up against the 65 DMA: FEU, FXF, SOYB
Up against the 28 DMA: CORN and JJGTF
Up against falling trend line resistance: $NYXBT and $PLAT
Moderately overbought: CLF, LMT, TPR, TSM, WEAT, WSO
Getting toppy: AVAV, MANT, SFIX, SFTBY
Possible top here for: IQV
A break out up or down is setting up for: PAG, SCHB, SNAP
Anything posted on these pages may be off base.

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