Signals: MU 11/30/2020

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, November 27, 2020

MU 11/30/2020

Yi: +44.33
Attempting to bottom out: CLX, RGR, STMP
Moderately oversold: WSO
Attempting to hold the 28 DMA: $BTCUSD, $SUGAR
Up against falling trend line resistance: KMB
Up against rising trend line resistance: AVGO, BMY, $NDX, QQQ
Moderately overbought: AKAM, CSIQ, IBM, LPL, MAIN, $NDX, PYPL, TROW, WFC
Overbought: TSLA
Extremely overbought: CLF, EWI, FCX
Toppy: CLF, $CRB, DAL, EWA, FCX, JWN, NCR, PNC, SEE, SPWR, TPR, VFC, $WTIC, YYY
A break out either way is setting up for: NSC
Anything posted here may be off base.

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