Signals: MU September 3, 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, September 3, 2018

MU September 3, 2018.

Yi: +23.25
Attempting to bottom out in this area: CORN, DF, NTES, QRTEA, SOYB
At the average oversold level: ANF, BBBY, BKS, EROS
Moderately oversold: CC, CPB, STX, T
Trying to hold rising trend line support: CL
Trying to hold falling trend line support: TUP
Attempting to hold the 65 DMA: AVP and DM
Attempting to hold the 28 DMA: FAST, PTEN, WSA, WY
Up against the 28 DMA: GILD and STMP
Moderately overbought: BBGI, FXF, P, $WTIC
At the average overbought level: CAL and CIEN
Getting toppy: SNA, UGA, USL
A possible top here for: AMZN
A break out either way is on the way for: CLX, FB, FSLR, JNJ
Anything posted on these pages may be off base.

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