Signals: MU 3-6-2020

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, March 6, 2020

MU 3-6-2020

Yi: +20.8
Attempting to bottom out: TUP
Extremely oversold: CNK
Average oversold: CANE
Trying to hold rising trend line support: FXP
Trying to hold falling trend line support: BGG, NOV, PAG
Up against the 65 DMA: CORN, MRK, MSI, MTH, TGS, UL
Up against the 28 DMA: O and TSM
Up against falling trend line resistance: PM
Moderately overbought: AU, CIEN, D, FLO, GIS, HSY, KMB, WEC
Anything posted may be off base.

Friday, March 6, 2020

MU 3-6-2020

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