Signals: MU August 28, 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.

Thursday, August 27, 2020

MU August 28, 2020.

Yi: +40.45
Oversold: TGS
Moderately oversold: CVS, TSM, WBA
Attempting to hold the 28 DMA: CANE, CLX, MDC, SNA, $SUGAR
Attempting to hold the 65 DMA: PBI
Up against the 65 DMA: XLNX
Up against falling trend line resistance: KO, MRVL
Up against rising trend line resistance: DIS, FCX
Moderately overbought: BIDU, IYE, MCO, NFLX, ORCL
Overbought: AMZN, $DJW, NOW. RY, SCHX, SPWR, $SPX, TD, TTM, VOX
Toppy: AAPL, BABA, FSLR, LOW, PG, QCLN
Break out either way on the way: AGX, BBL, BMY, GT, IBM, IWM, M, NOV, RSX
Anything posted may be off base.

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