Signals: MU 1/21/2021

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.

Wednesday, January 20, 2021

MU 1/21/2021

Yi: +51.45
Attempting to bottom out: PAYX, RBGLY, UPS
Oversold: KO
Moderately oversold: GPC, NOV, VFC, XRX
Trying to hold some rising trend line support: CL, NOV, PBI
Attempting to hold the 28 DMA: AGX
Attempting to hold the 65 DMA: C, CIEN, TGT
Up against the 28 DMA: STX
Up against falling trend line resistance: NIB, PPC
Up against rising trend line resistance: ADM, JNJ, MCHP, MU, TROW, TSN
Moderately overbought: AIG, AKAM, BGS
Overbought: SFIX
Toppy: AMP, BMY, KLIC, MET, QCOM, SHAK
Going parabolic: TSM, TTM
A break out either way is setting up for: APD, MOS, NTR
Anything posted may be off base.

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