Signals: MU for July 19, 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.

Saturday, July 17, 2021

MU for July 19, 2021.

Yi: +67.4
Attempting to bottom out: BCHG, JACK
Moderately oversold: AEO, BITW, ETHE, MTSI, XLNX, YYY
Trying to hold some rising trend line support: ETCG, ETHE, $GASO, OIL, VFC
Trying to hold some falling trend line support: RSX
Attempting to hold the 28 DMA: UGA
Up against the 28 DMA: BBY, GIS
Up against falling trend line resistance: D, SOYB
Moderately overbought: D, IDA, KDP, O, PFE, WEC
Overbought: V
Toppy: V
Possible top here for: PAYX
A break out either way is setting up for: MANT, WHR
Anything posted on these pages may be off base.

No comments:

Subscribe to: Post Comments (Atom)