Signals: MU 2-19-2020

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 18, 2020

MU 2-19-2020

Yi: +33.0
Attempting to bottom out at this level: AIG, BGS, CORN, LYFT, NTR, RGLD, SNA
Extremely oversold: AEM and NTR
At the average oversold area: FLR and KHC
Moderately oversold: AVAV, GS, LYFT, YETI
Trying to hold rising trend line support: PBI
Attempting to hold the 28 DMA: $SUGAR
Up against the 65 DMA: KDP
Up against the 28 DMA: JO
Up against falling trend line resistance: JWN
Up against rising trend line resistance: HSY
Moderately overbought: KR and MAIN
At the average overbought level: CC and LM
Getting toppy: AMP, APD, BNS, HRL, IR, IYG, IYJ, KO, MCD, PEP, $SPX, UYG, XLY
A break out in either direction is setting up for: CPB
Anything posted on these pages may be off base.

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