Signals: MU September 6, 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, September 6, 2018

MU September 6, 2018.

Yi: +22.78
Trying to bottom out: PM
Extremely oversold: SLV
Average oversold: JJNTF, NEM, RAIL, STX
Moderately oversold: ABX, $COPPER, EFV
Trying to hold rising trend line support: CRUS
Attempting to hold the 65 DMS: CMG, GOOG, MRK
Attempting to hold the 28 DMA: ADP, AVP, B, CL, CW, GS, PG, RY
Up against the 28 DMA: BBBY
Up against rising trend line resistance: AET
Moderatelu overbought: DNKN
Average overbought: HD and JWN
Getting toppy: AAPL and NVDA
A break out either way is on the way for: FL
Anything posted on these pages may be off base.

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