Signals: MU July 25, 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, July 25, 2019

MU July 25, 2019.

Yi: +25.22
Attempting to bottom out: BGS, JNJ, JWN, KR, LEN, LL, NFLX
Extremely oversold: BGS
Average oversold: JACK and JCP
Moderately oversold: IFN, NSC, WEN
Attempting to hold the 65 DMA: $HGX, TRV, WHR
Attempting to hold the 28 DMA: MTH, ORCL, WEC
Up against the 28 DMA: PTEN
Up against falling trend line resistance: PTEN
Up against rising trend line resistance: XLB
Moderately overbought: OC, SWK, UUP
Average overbought: GM, KO, X
Toppy: HSY and MCD
A break out either way on the way: MCO, PFE, SOYB, UBER
Anything posted may be off base.

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