Signals: MU June 19, 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.

Wednesday, June 19, 2019

MU June 19, 2019.

Yi: +22.72
Attempting to bottom out: CHK
Moderately oversold: AMTD, CG, IP
Attempting to hold the 65 DMA: PPC and $VIX
Attempting to hold the 28 DMA: IYG, LM, MMC
Up against the 65 DMA: KODK, MAT, SIRI, STX, WOR
Up against the 28 DMA: CNK, I, JJNTF, PTEN, QCOM, $XOI
Up against rising trend line resistance: MSI
Moderately overbought: AMZN, BMY, DBA, FB, KDP, LYFT, $NDX, PAG, PEGI, SOYB
Average overbought: GBTC, JJGTF, MAIN, SPWR, TPX
Toppy: AU, HD, PYPL, XLY
A break out either way on the way: BGG, GASO, MCD, MED
Anything posted may be off base.

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