Signals: MU 5-11-2020.

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.

Saturday, May 9, 2020

MU 5-11-2020.

Yi: +17.97
Trying to bottom out: AHH, CAT, DAL, M
Moderately oversold: GF, PEG, UIS, UGP, WBA
Trying to hold rising trend line support: MANT
Attempting to hold the 65 DMA: HBI
Attempting to hold the 28 DMA: $PLAT
Up against falling trend line resistance: LYFT
Up against rising trend line resistance: UBER
Moderately overbought: A, AMP, DNKN, GBTC, MAIN
Average overbought: JACK, MED, MSFT, NUS, PYPL, RGLD
Getting a bit toppy here: NFLX
A break out either way is settting up for: JNJ, KDP, KHC, LPL, MJ, NDAQ, NVS
Anything posted on these pages may be off base.

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