Signals: MU July 31, 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, July 31, 2019

MU July 31, 2019.

Yi: +25.0
Attempting to bottom out: BA, CSL, JCP, MJ
Moderately oversold: COPX, CTB, FNG, GBTC, HBI, PEG, PEGI, PYPL
Trying to hold rising trend line support: NVS and PAG
Trying to hold falling trend line support: $NYXBT
Attempting to hold the 65 DMA: AMZN and NOW
Attempting to hold the 28 DMA: AQUA, CW, IQV
Up against the 65 DMA: SGGFF
Up against the 28 DMA: CANE and JWN
Moderately overbought: CBRL, CL, CNK, EBAY, FLO, HD, KMB, KOLD, QRTEA
Average overbought: CMG and PG
Toppy: DIS, HAS, PFF
A break out either way on the way for: HPE, HPQ, MBI, QCOM
Anything posted may be off base.

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