Signals: MU for July 2, 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, July 1, 2021

MU for July 2, 2021.

Yi: +66.4
Attempting to bottom out: ADM, HA, JACK, KR, LTCN, QSR
Trying to bottom out: $LUMBER, MRVL
Extremely oversold: LTCN
Moderately oversold: EFV, O, YUM
Trying to hold some rising trend line support: NDAQ, PING
Attempting to hold the 65 DMA: NDAQ, STMP
Attempting to hold the 28 DMA: $COTTON, KODK
Up against the 28 DMA: CVY, $HGX, MMM, NOBL
Up against the 65 DMA: AMP, CMI, IP, KDP, MOS, NTR, WHR
Up against some rising trend line resistance: $CRB, PM, RGR
Moderately overbought: CORN, CPRI, ETN, GILD, GS, KMB, MRK, SOYB, $SUGAR, XLNX
Average overbought: $CRB
Toppy: MRVL, MTSI, RGR, UNG
A break out either way is setting up for: COPX, HRL, SCHW
Anything posted on these pages may be off base.

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