Signals: MU 1-14-2020

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.

Tuesday, January 14, 2020

MU 1-14-2020

Yi: +29.79
Attempting to bottom out in this area: CNK, GPC, GT, PAG
At the average oversold level: ATI, DLPH, WBA
Moderately oversold: AA, AVGO, BWA, CC, CPRI, LL, WOR
Trying to hold rising trend line support: AFL and CLF
Attempting to hold the 28 DMA: VFC
Up against falling trend line resistance: CL
Up against rising trend line resistance: TTM
At the average overbought level: BCO, BIDU, $COTTON, $SUGAR
Going parabolic: AAPL
Anything posted on these pages may be off base.

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