Signals: MU 3/24/2021

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, March 23, 2021

MU 3/24/2021

Yi: +51.4
Oversold: $SUGAR
Moderately oversold: AHH, TRV
Attempting to hold some rising trend line support: BITW, PNC
Attempting to hold the 28 DMA: HRB
Attempting to hold the 65 DMA: BNS
Up against the 28 DMA: CSIQ, QLD, QQQ
Up against some falling trend line resistance: MSFT, $NDX, NFLX
Moderately overbought: APD, BGS, BMY, CPB, GIS, MSI, RBGLY
Overbought: LOW
Toppy: HD, PM
A break out either way is setting up for: KODK, PING
Anything posted on these pages may be off base.

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