Signals: MU August 10, 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.

Friday, August 10, 2018

MU August 10, 2018.

Yi: +21.15
Possible bottom here for: MJ
Attempting to bottom out: REMX
Moderately oversold: RSX
Trying to hold rising trend line support: TAP
Attempting to hold the 28 DMA: CAR, D, HAS, PEP, PM, TGS
Up against the 65 DMA: CALM
Up against falling trend line resistance: EROS and EWA
Up against rising trend line resistance: AMZN
Moderately overbought: AET, CSCO, CSIQ, HPQ, IRBT, MSFT, QRTEA
Average overbought: CMG, CREE, SFTBY
Getting toppy: GOOG, KR, SCHD, $SPX
A break out either way is on the way for: SPWR
Anything posted on these pages may be off base.

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