Signals: MU July 5, 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 4, 2018

MU July 5, 2018.

Yi: +17.9
Trying to bottom out at this level: AFL, CBRL, PAG
Extremely oversold: XRX
At the average oversold level: IP, $PLAT, PPLT, SGGFF, $SUGAR, TLRD
Moderately oversold: CTB, FL, NUS, PPG, TSN
Trying to hold rising trend line support: DF and PPC
Attempting to hold the 28 DMA here: $GASO
Up against the 28 DMA: GDDY, NOW, PHI, SPWR
Up against falling trend line resistance: ABX, NEM, NUGT, NTES, SYMC, WHR
Moderately overbought: OILNF
At the average overbought level: RGLD
Getting toppy: WEC
A break out upwards or downwards is setting up for: MMM, P, PEG, TAP, V
Anything posted on these pages may be off base.

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