Signals: MU July 3, 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 3, 2018

MU July 3, 2018.

Yi: +18.33
Trying to bottom out at this level: AMTD, BB, BWA, CAR, HA, $NYXBT, RRGB, WOR
Extremely oversold: TGS
Average oversold: GT
Moderately oversold: ANF, CBRL, F, IP, $NYA50R, RGR
Trying to hold rising trend line support: FB
Trying to hold falling trend line support: BAC and SWK
Attempting to hold the 65 DMA here: GM, NS, PAG, TPX
Attempting to hold the 28 DMA here: BGS, FB, JACK, NFLX
Up against the 28 DMA: AA
Up against falling trend line resistance: KO and MMC
Up against rising trend line resistance: AVAV
Moderately overbought: KMB
At the average overbought level: CLX and SCHH
Getting toppy: AVAV, OILU, USL, USO, $WTIC
A break out up or down is setting up for: MTSI, NCR, NDAQ, PEGI, X, XLB
Anything posted here may be off base.

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