Signals: MU 3-17-2020

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, March 17, 2020

MU 3-17-2020

Yi: -0.25
Attempting to bottom out in this area: AEM, AVAV, BBGI, FL, GOLD, HA, KHC, NEM, PBI, RGLD, SFIX, SIL, UIS, $XAU
Extremely oversold: GBTC, $INDU, SLV, $XAU
At the average oversold level: DLPH, $GOLD, $PLAT
Moderately oversold: GILD
At the average overbought level: FXP
Anything posted here may be off base.

Tuesday, March 17, 2020

MU 3-17-2020

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