Signals: MU 2-12-2020

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.

Wednesday, February 12, 2020

MU 2-12-2020

Yi: +32.6
Attempting to bottom out at this level: BWA, OLLI, PEG, STX
At the average oversold level: BGS, F, MJ
Moderately oversold: WSO
Trying to hold rising trend line support: M and TKR
Attempting to hold the 65 DMA: $VIX
Attempting to hold the 28 DMA: FL, IRBT, RRGB
Up against the 65 DMA: JJNTF
Up against falling trend line resistance: JNPR, OMC, ORCL, TSN
Up against rising trend line resistance: MMC
Moderatel overbought: CBRL, CVS, GOOG, LYFT, MAIN
At the average overbought level: KO, MSI, NVDA, SFTBY, $USD
Getting toppy: MSFT, SHAK, UUP
A break out either way is on the way for: MRK, MTH, NEM, TGS, $XAU
Anything posted here may be off base.

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