Signals: MU August 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.

Tuesday, August 27, 2019

MU August 27, 2019.

Yi: +20.12
Attempting to bottom out: BGG, BGS, GE, HMC
Extremely oversold: CAR, $COPPER, REMX, SFIX
Average oversold: FL, HPQ, PNC, SFTBY
Moderately oversold: AVP, AXP, HAS, KDP, PM, PPG, SEE
Trying to hold rising trend line support: CLX, KLIC, STLD
Trying to hold falling trend line support: IR and VNO
Attempting to hold the 65 DMA: BABA and WGO
Attempting to hold the 28 DMA: A, D, MCD, MCO, PG, SBUX, SPWR, TWTR
Up against the 65 DMA: PEG
Moderately overbought: RRGB
Average overbought: AEM and AU
A break out either way on the way for: GO and S
Anything posted here may be off base.

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