Signals: MU 2-21-2020

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.

Friday, February 21, 2020

MU 2-21-2020

Yi: +33.18
Attempting to bottom out at this level: CPRI, CSCO, FLR, HAS, TAP
Extremely oversold: QID
Moderately oversold: DE, MAT, TKR, VNO
Trying to hold rising trend line support: DRI, NIB, SWK, UTX
Attempting to hold the 65 DMA: BBGI
Attempting to hold the 28 DMA: JACK
Up against the 65 DMA: SU and $XOI
Up against the 28 DMA: $CRB and $WTIC
Moderately overbought: GPC, PAYX, SIL, SLV, $XAU, YUMC
At the average overbought level: AKAM, $GASO, GOLD, IAU, O, UGLD
Extremely overbought: NVDA, SYMP, Z
Getting toppy: AGX, AXP, GOOG, MCO, PYPL, TSLA, VOX
A break out either way is setting up for: AAPL, DAL, GEF
Anything posted on these pages may be off base.

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