Signals: MU 2-10-2020

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, February 9, 2020

MU 2-10-2020

Yi: +31.69
At the average oversold level: BGS and BCO
Moderately oversold: DNKN, GIS, YUM, $VIX
Trying to hold rising trend line support: LM and WEN
Attempting to hold the 65 DMA: HRL
Up against the 65 DMA: HPE and WFC
Up against the 28 DMA: IP, SIL, TGT, VGK
Up against falling trend line resistance: HMC, SIL, UL
Up against rising trend line resistance: GOOG, NIB, RGR
Moderately overbought: AIG, BA, DRI, GBTC, GE, HD, LMT, MMC, SCHX, SHAK, SFTBY
Getting toppy: APD, IR, IRBT, JNJ, MSFT, PCRFY, $SPX, Z
A break out either way is setting up for: WEAT
Anything posted on these pages may be off base.

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