Signals: MU 11/25/2020

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, November 24, 2020

MU 11/25/2020

Yi: +44.2
Attempting to bottom out: BGS, D
Average oversold: IAU, GOLD, M, RBGLY
Moderately oversold: AAPL, BIDU, SLV, UL
Attempting to hold the 28 DMA: HSY, JNJ
Up against the 28 DMA: BYND
Up against falling trend line resistance: CSIQ
Up against rising trend line resistance: AHH, TGS
Moderately overbought: $COTTON, $HGX, MAT, MED, WHR
Overbought: AEO, JWN, QCLN, QRTEA, NTR, TGT, TILE
Extremely overbought: BCO
Toppy: AEO, NIB, QRTEA, SWK, YETI
Going parabolic: FLR, GBTC, GM
Anything posted may be off base.

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