Signals: MU 1-27-2020

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.

Sunday, January 26, 2020

MU 1-27-2020

Yi: +30.1
Attempting to bottom out at this level: QID abd SPXU
At the average oversold level: NOV and VFC
Moderately oversold: TRV
Trying to hold rising trend line support: SCHX
Attempting to hold the 65 DMA: RSX
Attempting to hold the 28 DMA: GBTC, QCOM, VGK, XLY
Up against the 65 DMA: PAG
Moderately overbought: CPB, DRI, PEG, STX, UGP
At the average overbought level: AHH, $HGX, KP, LEN, MDC, PAYX, VNO, WEC
Getting toppy in this area: CG, MTSI, $NDX, QLD, QQQ, VOT, TROW
A break out either way is setting up for: PINS and $PLAT
Anything posted on these pages may be off base.

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