Signals: MU 3-5-2020

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.

Thursday, March 5, 2020

MU 3-5-2020

Yi: +24.15
Attempting to bottom out in this area: ANF, ATI, EGPT, EMR, EWI, FL, GT, M, MJ, NSC, NUS, PPC, SHAK, TLRD, $USD, $UST30Y
Extremely oversold: CNK and GT
Moderately oversold: SGGFF
Attempting to hold the 28 DMA: FXP and KOLD
Up against the 28 DMA: SPWR and $XAU
Moderately overbought: AU, BGS, CLX, CPB, GOLD, $GOLD, WSO
Getting toppy here: JO
A break out either way is setting up for: Z

Thursday, March 5, 2020

MU 3-5-2020

No comments:

Blog Archive

Current Moon Phase

About the ancient spirit:

Followers

Subscribe