Signals: MU August 22, 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, August 22, 2018

MU August 22, 2018.

Yi: +21.8
Trying to bottom out: EGPT, EROS, GILD, JCP, MRVL
Moderately oversold: KLIC and QRTEA
Up against falling trend line resistance: JNPR and RS
Up against rising trend line resistance: GPC and LPL
Moderately overbought: DRI, HRL, IBM, $INDU, MSI, NVS, PHI
Average overbought: JNJ, JWN, PEGI
Getting toppy: CSCO, CVS, HSY, PFE
Possible top here for: AET
A break out in either direction is on the way for: BB, BBBY, DIS
Anything posted on these pages may be off base.

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