Signals: MU June 27, 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 27, 2019

MU June 27, 2019.

Yi: +22.67
Attempting to bottom out: NUS, PBI, TTM, $UST3M
Average oversold: COWTF, CNK, ETCG, OLLI
Moderately oversold: JACK, LEN, MAT, TILE
Trying to hold rising trend line support: JPM
Attempting to hold the 65 DMA: BAC, BIDU, CSIQ, HAS, IJR, IWM, VFC, WYND, XRT
Attempting to hold the 28 DMA: M
Up against falling trend line resistance: USO
Moderately overbought: GM and JO
Toppy: DE and DBC
Has gone parabolic: GBTC
A break out either way on the way: DD, GS, MAN, TD, TSLA
Anything posted on these pages may be off base.

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