Signals: MU 1/13/2021

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, January 12, 2021

MU 1/13/2021

Yi: +49.83
Trying to bottom out: BYND, LMT, MMM
Oversold: HRL
Moderately oversold: AEM, MCO, NFLX
Attempting to hold the 28 DMA: $COPPER, ORCL, $PLAT, SIL
Attempting to hold the 65 DMA: NCR
Attempting to hold some rising trend line support: CANE, GOLD
Up against the 28 DMA: $USD
Up against the 65 DMA: PFE
Up against some rising trend line resistance: JACK, SYY
Moderately overbought: ANF, BMY, DBI, KLIC
Overbought: NDAQ, WBA
Toppy: IQV
A break out either way is setting up for: TSN
Anything posted may be off base.

No comments:

Subscribe to: Post Comments (Atom)