Signals: MU 11-27-2019

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.

Wednesday, November 27, 2019

MU 11-27-2019

Yi: +28.0
Attempting to bottom out: AU, HD, PINS
Moderately oversold: IAU and PEG
Attempting to hold the 65 DMA: LIN
Attempting to hold the 28 DMA: AEM, RSX, RY, $XAU
Up against the 65 DMA: NOV and SNA
Up against the 28 DMA: TXN
Up against falling trend line resistance: CWI, IBM, ITW, LM
Up against rising trend line resistance: QQQ and QLD
Moderately overbought: FCX, GILD, LYFT, NFLX
Average overbought: IWM
Getting toppy: CVS
A break out either way is setting up for: DNKN and NOW
Anything posted may be off base.

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