Signals: MU June 10, 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 9, 2021

MU June 10, 2021

Yi: +63.62
Attempting to bottom out: BITQ, $LUMBER, WY
Extremely oversold: BCHG
Oversold: CPB and ETCG
Moderately oversold: ETHE, GOLD, KDP, MKC, NSC
Attempting to hold some rising trend line support: AFL, PM, SIL
Attempting to hold the 28 DMA: MET, MMC, MMM, SCHW
Attempting to hold the 65 DMA: HRL, MGA
Up against the 65 DMA: AEO
Up against rising trend line resistance: CAR
Moderately overbought: HRB, KLIC, KODK, MTSI, QCLN, XRX
Overbought: HA, IWM, JNPR, NVS
Toppy: EMR, ORCL, RGR, SOYB, TROW
Possible top here for: TILE and TTM
A break out either way is setting up for: SLV and SU
Anything posted on these pages may be off base.

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