Signals: MU August 2, 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, August 2, 2018

MU August 2, 2018.

Yi: +19.81
Extremely oversold: SGGFF, $SUGAR, TSN
Average oversold: MTSI
Moderately oversold: COWTF, MMC, NOW, STX, SYMC
Trying to hold rising trend line support: GBTC, NDAQ, OILU
Attempting to hold the 65 DMA: AMTD, AMZN, SHAK
Attempting to hold the 28 DMA: DM and DFS
Up against falling trend line resistance: CPB and P
Moderately overbought: CLX, CORN, CRUS, HMC, JJGTF, MBI
Average overbought: ETN and KMB
Getting toppy: FEU, NVS, PM
A break out either way is on the way for: $HGX, HPE. IRBT, LEN, LOW, $USB, UUP
Anything posted on these pages may be off base.

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