Signals: MU for July 26, 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.

Friday, July 23, 2021

MU for July 26, 2021.

Yi: +69.15
Attempting to bottom out: CPB
Oversold: UL
Moderately oversold: GIS
Attempting to hold some rising trend line support: BABA, TTM
Attempting to hold some falling trend line support: AGX, BGS, MGA
Attempting to hold the 65 DMA: AU
Attempting to hold the 28 DMA: KMB
Up against the 28 DMA: APD, CAKE, YYY
Up against the 65 DMA: MTSI, $WTIC
Up against some falling trend line resistance: GBTC
Moderately overbought: BAL, CG, $CRB, CSCO, $GASO, UGA, XLNX
Overbought: $COFFEE, JO, MMC
Toppy: JO, MS
A break out either way is setting up for: GOLD, IBM, MAIN, RGLD, WDC
Anything posted on these pages may be off base.

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