Signals: MU June 30, 2021

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 30, 2021

MU June 30, 2021

Yi: +65.49
Attempting to bottom out at this level: BITW, CAR, $LUMBER, MDC, MTH
Extremely oversold: KOLD
At the average oversold level: AEM
Moderately oversold: CAR and HRB
Attempting to hold the 65 DMA: STLD
Attempting to hold the 28 DMA: AXP, CLF, F, VFC, $XOI
Up against the 65 DMA: BBY, CLX, DBA, MKC
Up against the 28 DMA: $BTCUSD, HAS, SWK
Up against some falling trend line resistance: MCHP and $SUGAR
Up against rising trend line resistance: PAYX
Moderately overbought: AMAT, BAL, BIDU, CANE, $COFFEE, COIN, $CRB, CSIQ, JO, MU
Average overbought: FSLR, MRVL, MTSI, QQQ
Toppy: KLIC and MCO
A break out either way is setting up for: CSCO, IP, PFE, SCHH
Anything posted on these pages may be off base.

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