Signals: MU 1-28-2020

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 28, 2020

MU 1-28-2020

Yi: +28.4
Attempting to bottom out: DLPH
Extremely oversold: KOL
Average oversold: BWA, DFS, CL, $COPPER, $CRB, WBA
Moderately oversold: BGS, CVS, DAL, JWN, MOS, MRK, OMC, OXY, SEE, STLD, WOR
Trying to hold rising trend line support: SIRI
Attempting to hold the 65 DMA: AAPL, NOW, TKR, VGK, WYND
Attempting to hold the 28 DMA: AGX, AVAV, B, FB, MAIN, PFE, YYY
Up against falling trend line resistance: SLV
Moderately overbought: AHH
Average overbought: WEC
Getting toppy: HSY, IDA, WEC
A break out either way is setting up for: ALEX, BYND, FIZZ
Anything posted may be off base.

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