Signals: MU for June 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.

Wednesday, June 23, 2021

MU for June 24, 2021.

Yi: +63.82
Attempting to bottom out: AGX, AU, BABA, BCHG, BITW, STX, WDC
Moderately oversold: IRBT
Attempting to hold some rising trend line support: CORN
Attempting to hold the 28 DMA: OLLI
Up against the 28 DMA: BIDU, BITQ, DBI, EMR, ETN, HD, KMB, NTR
Up against the 65 DMA: MMC, UNH, YETI
Up against some falling trend line resistance: IYJ, RYE, V, WGO
Up against rising trend line resistance: KR, VOX, $WTIC
Moderately overbought: AEO, $GASO, IYE, MSI, $SPX, VOX, XLE, $XOI, XOM
Overbought: $NDX, MCO, RGR
A break out either way is setting up for: DBA, NCR, NEM, PM, QRTEA, RGLD, TTM
Anything posted on these pages may be off base.

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