Signals: MU August 27, 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.

Monday, August 27, 2018

MU August 27, 2018.

Yi: +22.34
Trying to bottom out in this area: GBTC, RGLD. SGGFF, SNAP, STMP
At the average oversold level: QRTEA
Moderately oversold: CORN, HBI, JJGTF, SOYB
Trying to hold rising trend line support: SBUX and TKR
Trying to hold falling trend line support: DBA and WEC
Attempting to hold the 65 DMA: MOS
Attempting to hold the 28 DMA: GT, MBI, MCD, SFTBY, UTX, WY
Up against the 65 DMA: CHK, NIB, TSLA
Up against the 28 DMA: CAKE
Up against falling trend line resistance: AA, $CRB, SU
Up against rising trend line resistance: MANT
Moderately overbought: PHI
A break out either way is on the way for: AVP, NOV, TAP, TROW
Anything posted on these pages may be off base.

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