Signals: MU 1-13-2020

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.

Monday, January 13, 2020

MU 1-13-2020

Yi: +29.02
Attempting to bottom out in this area: PAG
At the average oversold level: CNK, KSS, WBA
Moderately oversold: AEM, BGS, IR, MKC, NVDA
Attempting to hold the 28 DMA: BBL, GOLD, KOL, VFC, VGK
Up against falling trend line resistance: MSI
Up against rising trend line resistance: BABA, MAIN, MAN, MCO, MET, MS, PM, TTM
Moderately overbought: AXP, BMY, DRI, HD
At the average overbought level: CAR. GS, NOW, NTES
Extremely overbought: A and AAPL
Getting a bit toppy at this point: QQQ
Possible top here for: QCLN
A break out either way is setting up for: WYND
Anything posted on these pages may be off base.

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