Signals: MU 11-21-2019

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, November 21, 2019

MU 11-21-2019

Yi: +26.95
Attempting to bottom out: I
At the average oversold level: KSS and NTR
Moderately oversold: GBTC, M, MOS, QRTEA
Trying to hold rising trend line support: CBRL, $CRB, $INDU, IYE, JACK
Trying to hold falling trend line support: MU
Attempting to hold the 65 DMA: HBI and PM
Attempting to hold the 28 DMA: B, BMY, JCP, OMC, PPG
Up against falling trend line resistance: AEM
At the average overbought level: MU and NOW
Moderately overbought: MKC
Getting toppy: ALL and $DJW
A break out is setting up for: AMP, AMZN, GE, GFI, GLD, IWM
Anything posted may be off base.

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