Signals: MU for June 11, 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, June 10, 2021

MU for June 11, 2021.

Yi: +64.11
Attempting to bottom out: AU, BIDU, NIB
Oversold: PPLT
Moderately oversold: BABA, HD, MU, QSR, $UST30Y
Attempting to hold the 28 DMA: AFL, APD, LMT, MCHP, NOBL, NOV, TD
Attempting to hold the 65 DMA: BNS, GS, RY
Up against the 65 DMA: GEF
Up against the 28 DMA: $BTCUSD
Up against some rising trend line resistance: CSCO, IBM
Moderately overbought: BGS, BMY, GILD, XOM
Overbought: IBM
Toppy: IWM, KLIC, MTSI, YYY
Anything posted on these pages may be off base.

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