Signals: MU August 14, 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, August 14, 2018

MU August 14, 2018.

Yi: +21.0
Attempting to bottom out at this level: MGA
At the average oversold level: DNB, EWI, MCHP, MGA, RSX, SEE
Moderately oversold: CAT, DE, RS, SOYB, TAP, TGS, VGK
Trying to hold rising trend line support: MET and UL
Attempting to hold the 28 DMA: BNS, JJGTF, PHI, RY, UL, $UST30Y, WBA
Up against the 28 DMA: TLRD
Moderately overbought: CALM, KSS, SFIX, TGT, $USD, UUP, YUM
Getting toppy in this area: EYE
A break out either way is on the way for: AGX, DRI, P
Anything posted on these pages may be off base.

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