Signals: MU 3/19/2021

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.

Thursday, March 18, 2021

MU 3/19/2021

Yi: +51.55
Attempting to bottom out: SPXU, QID
Moderately oversold: BBL, KODK, TTM
Attempting to hold the 28 DMA: AU, $GASO, HRL
Attempting to hold the 65 DMA: AXP
Up against the 28 DMA: AEM
Up against some falling trend line resistance: GILD
Up against rising trend line resistance: JPM, WHR
Moderately overbought: INTC, MRK, TAP, TKR
Overbought: JACK
Toppy: BEN, CIEN, FL, PAYX, YYY
Possible top here for: DE, GEF
A break out either way is sitting up for: BGS, $PLAT
Anything posted on these pages may be off base.

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