Signals: MU July 28, 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.

Thursday, July 26, 2018

MU July 28, 2018.

Yi: +21.06
Trying to bottom out: CHT, EBAY, GDX
Average oversold: F
Moderately oversold: AGX, ANF, FL, GM, $HGX
Trying to hold rising trend line support: BBY
Attempting to hold the 65 DMA: BIDU and MTSI
Attempting to hold the 28 DMA: HPE, IWM, MDY
Up against the 65 DMA: DB, GBYC, GFI
Up against the 28 DMA: HMC
Moderately overbought: AQUA, ATI, GS
Average overbought: GOOG
Going parabolic: IQV
A break out either way is on the way for: CTB
Anything posted on these pages may be off base.

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