Signals: MU 3/11/2021

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, March 10, 2021

MU 3/11/2021

Yi: +51
Attempting to bottom out: NFLX, PINS, TGS
Oversold: TUP
Moderately oversold: $COTTON, $SUGAR
Trying to hold some rising trend line support: SYY
Attempting to hold the 28 DMA: BBL, CANE
Up against the 28 DMA: HD, KODK, NTAP
Up against the 65 DMA: GOLD
Up against falling trend line resistance: KMB, $NDX, QQQ
Up against rising trend line resistance: HPE
Moderately overbought: DBI, KDP, M, NTR, PAYX, PEG, STX, $USD
Overbought: GME
Toppy: $CRB, $UST30Y, $WTIC
Possible top here for: ORCL
A break out either way is setting up for: EWA, FCX
Anything posted on these pages may be off base.

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