Signals: MU 9/21/2020

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, September 18, 2020

MU 9/21/2020

Yi: +35.2
Attempting to bottom out: CLX, OLLI, STMP
Oversold: GOOG, GS, MSFT
Moderately oversold: BBY, NTAP, PEP, PYPL, QLD, QQQ, RY, VOX, XLK
Attempting to hold the 65 DMA: AVGO
Attempting to hold the 28 DMA: APD, BABA, $GASO, TGT, TKR
Up against the 28 DMA: B
Up against the 65 DMA: WBA
Up against falling trend line resistance: AFL
Up against rising trend line resistance: FCX
Moderately overbought: CLF, GE, MOS, MU, STX, $SUGAR
Toppy: AEO, FL, UGP
Break out either way on the way: GLW, $GOLD, LPL
Anything posted may be off base.

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