Signals: MU 1-15-2020

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 1-15-2020

Yi: +29.63
Attempting to bottom out at this level: ATI, BWA, DLPH, WBA, WOR
At the average oversold level: JO
Moderately oversold: AU, NOV, WEC, $WTIC, $XAU
Trying to hold rising trend line support: WEN
Attempting to hold the 65 DMA: DBI, NCR, UTX
Attempting to hold the 28 DMA: KOLD
Up against the 65 DMA: SNA
Up against the 28 DMA: HA and PPC
Up against falling trend line resistance: AIG, CORN, FLO, GIS, IDA
Up against rising rend line resistance: B, C, STX
Moderately overbought: AXP, CLX, CSX, DNKN, HRL, KMB, KO, MSI, WEC, WHR
At the average overbought level: AKAM, BBY, BYND, TROW
Extremely overbought: BABA and QCLN
Getting a bit toppy in this area: BAL, BIDU, GOOG, RSX
Going parabolic: BABA, CIEN, ITW, LBAI, TSLA
Anything posted on these pages may be off base.

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