Signals: MU August 21, 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, August 21, 2019

MU August 21, 2019.

Yi: +21.72
Attempting to bottom out: COWTF, HEAR, LYFT, RSX
Extremely oversold: UGP
Average oversold: $GASO and LYFT
Moderately oversold: EYE
Attempting to hold the 28 DMA: FXF and QID
Up against the 65 DMA: FSLR, $WTIC, WYND
Up against the 28 DMA: BR, CHK, MRVL, NDAQ, PEG, SMH, TROW
Up against rising trend line resistance: AQUA, HSY, LMT
Moderately overbought: CL CPB, SYMC, SYY, TGT, UL, YUMC
Average overbought: KRUS and T
Toppy: EQIX and PG
Anything posted here may be off base.

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