Signals: MU July 29, 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.

Tuesday, July 28, 2020

MU July 29, 2020.

Yi: +31.44
Trying to bottom out: CNK, PPC, UUP, VNO
Extremely oversold: $USD
Trying to hold the 28 DMA: CAR, JPM, PHI, TD
Trying to hold the 65 DMA: BA, BIDU, GE, PAYX
Trying to hold rising trend line support: FXI
Up against rising trend line resistance: CTB
Moderately overbought: CAT, DNKN, GBTC, JACK, KLIC, RSX
Overbought: CC, FXF, GDX, $HGX, NEM, RGLD
Extremely overbought: AEM\, AU, CMI, GFI, $SILVER, SIVR, $XAU
Toppy: KDP, LIN, MCD, MTH
Has gone parabolic: GFI
Break out either way: SCHD, $SPX, USB, WU, YUM, Z
Anything posted may be off base.

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