Signals: MU July 25, 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, July 25, 2018

MU July 25, 2018.

Yi: +20.21
Attempting to bottom out: APD, AU, F, GE
Extremely oversold: BBGI
Average oversold: PTEN
Moderately oversold: CALM and CNK
Trying to hold rising trend line support: D
Attempting to hold the 65 DMA: AEM
Attempting to hold the 28 DMA: I
Up against the 65 DMA: CW, MAN, MS
Up against the 28 DMA: DE
Up against falling trend line resistance: BBL, JJOFF, LM
Up against rising trend line resistance: PAYX and $SPX
Moderately overbought: AMTD, BAC, DUST, IYG, JPM
Average overbought: CLF
Extremely overbought: IQV
Getting toppy: AVAV, CSX, GDDY, GPC, HD, NSC
A break out either way is on the way for: BGS, IP, JACK
Anything posted on these pages may be off base.

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