Signals: MU for July 1, 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, June 30, 2021

MU for July 1, 2021.

Yi: +65.63
Possible bottom here for: NEM
Attempting to bottom out: ATI, AU, GOLD, PPLT, RS, SIL, SLV
Moderately oversold: AVAV, BEN, D, FLR, HA, HBI, JACK, LBAI, MANT, RY
Trying to hold some rising trend line support: AIG, CNK, NUS, NVS, UL, VGK
Attempting to hold the 28 DMA: CIEN, IWM, IYE, NVS, PBI, RSX
Up against the 28 DMA: FLO, TUP
Up against the 65 DMA: ETHE and $HGX
Up against some falling trend line resistance: $COTTON
Moderately overbought: AVGO, BBY, BITQ, ETCG, HD, MS, TSM
At the average overbought level: TXN, UNG, XLK
Toppy: CG, $NDX, NTAP, QCLN, QLD, TROW, VOX
Possible top here for: VOT
A break out either way is setting up for: BNS, BWA, CC, FAST, FCX, HRB, UGA
Anything posted on these pages may be off base,

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