Signals: MU August 10, 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.

Saturday, August 8, 2020

MU August 10, 2020.

Yi: +36.15
Oversold: CNK
Moderately oversold: WDC
Attempting to hold the 28 DMA: AMAT, RBGLY, TSLA, WU
Attempting to hold the 65 DMA: WEC
Up against the 28 DMA: DAL
Up against falling trend line resistance: MSI
Up against rising trend line resistance: HD
Moderately overbought: BBL, DIS, $INDU, MCD, UNG, YUMC
Overbought: AA, FCX, NIB, SEE, VOX, Z
Extremely overbought: FSLR, QLD, QQQ
Toppy: AAPL, COPX, $DJW, GFI, GLD, $GOLD, $NDX, PINS, QCLN, XLK
Possible top here for: AEM, IAU, PYPL, REMX
Break out either way: MSFT, WY
Anything posted maybe off base.

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