Signals: MU June 25, 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, June 24, 2020

MU June 25, 2020.

Yi: +25.78
Attempting to bottom out: QID
Extremely overbought: MED, YETI
Average overbought: AMZN
Moderately overbought: $GOLD, PINS, UGLD
Attempting to hold the 28 DMA: O
Attempting to hold the 65 DMA: FLO, KHC, LOW
Up against rising trend line resistance: BABA
Moderately oversold: JNPR, MAIN, UIS, VLY, WEC, YUM
Average oversold: MANT
Getting toppy: IAU, MSFT, NFLX, PYPL, QLD, QQQ
A break out either way is on the way for: BGS, CANE, MDC, MSI, SPWR, WOR
Anything posted may be off base.

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