Signals: MU 6-13-2019

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, June 13, 2019

MU 6-13-2019

Yi: +21.53
Average oversold: AGX
Moderately oversold: UTX
Trying to hold falling trend line support: FIZZ
Attempting to hold the 65 DMA: OC
Attempting to hold the 28 DMA: LMT and S
Up against the 65 DMA: CAKE, QCLN, QLD, RS, SCHD
Up against the 28 DMA: CALM, JCP, LPL, M, MGA, SYY, YETI
Up against falling trend line resistance: GILD, KR, MAT
Up against rising trend line resistance: AHH, JNJ, PG
Moderately overbought: COPX, PPG, TKR, YYY
Average overbought: DNKN, RSX, TGS
Toppy: AMP, BWA, $DJW, MRVL, NIB, PG
A break out either way on the way for: IFN, MTH, PM
Anything posted may be off base.

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