Signals: MU 4/14/2021

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, April 13, 2021

MU 4/14/2021

Yi: +62.02
Attempting to bottom out: PING
Oversold: MJ, SPWR
Moderately oversold: AU, CNK, GME, HA, IRBT
Attempting to hold some rising trend line support: BA, KODK, MSI, WBA
Attempting to hold the 28 DMA: ATI, $GOLD, UGP, XLNX
Attempting to hold the 65 DMA: CLF, HSY, MSI, $NYA50R, SOYB
Up against the 65 DMA: CMI
Up against some rising trend line resistance: CC
Moderately overbought: AMP, BABA, CBRL, TPR, TUP
Overbought: ANF, IYJ, NVDA, UPS, WSO, YETI
Extremely overbought: HD, LOW
Toppy: ADM, AEO, FCX, HRB, IYG, MMM, UYG, WHR
Possible top in for: SNA
Going parabolic: NDAQ
A break out either way is setting up for: TRV
Anything posted on these pages may be off base.

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