Signals: MU 2-11-2020

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, February 11, 2020

MU 2-11-2020

Yi: +32.47
Possible bottom here for: JO
Trying to bottom out: TSN and $UST3M
At the average oversold level: RGLD, SU, OLLI
Moderately oversold: AEM, AU, HAS, MRVL, PEG, SNA, STX, WYND
Trying to hold rising trend line support: AHH, AXP, TKR
Attempting to hold the 65 DMA: IDA and MCD
Attempting to hold the 28 DMA: AVAV, B, MTSI
Up against rising trend line resistance: NIB
Moderately overbought: CAR, MDC. YYY
A break out either way is on the way for: NEM and SLV
Anything posted here may be off base.

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