Signals: MU May 21, 2020.

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, May 20, 2020

MU May 21, 2020.

Yi: +20.43
Attempting to bottom out: PM, TLRD, WEAT
Moderately oversold: GILD
Attempting to hold the 28 DMA: CALM, TTM
Up against the 65 DMA: AGX, CBRL, HPE, PEG, PINS
Up against the 28 DMA: BA, NVS
Up against falling trend line resistance: CAKE, LYFT, PAG
Up against rising trend line resistance: NOW
Moderately overbought: AMAT, AMP, COPX, CSIQ, MAIN, SNA, WHR, WYND
Average overbought: MTH, NTES
Toppy: IRBT, OLLI, NFLX, SIL
A break out either way is setting up for: CVS, TSLA
Anything posted may be off base.

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