Signals: MU 4/21/2021

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.

Tuesday, April 20, 2021

MU 4/21/2021

Yi: +61.82
Moderately oversold: AVGO, $BTCUSD, IRBT, MU, TSM, $USD
Trying to hold some rising trend line support: WBA
Attempting to hold the 28 DMA: AGX, DBI, EWI, MET
Attempting to hold the 65 DMA: APD, BITW, CAR, GBTC, HRB, KLIC
Up against the 65 DMA: GME
Up against some rising trend line resistance: GIS, SOYB
Moderately overbought: IDA, NVS, WU
Overbought: PFE
Toppy: ADM, AFL, CG, $INDU, NTAP, OMC, PRU, WSO
Possible top here for: CVY, GLW, HD, IP, MAIN, WOOD, WY
A break out either way is setting up for: LPL
Anything posted on these pages may be off base.

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