Signals: MU for July 7, 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, July 7, 2021

MU for July 7, 2021.

Yi: +67.73
Attempting to bottom out at this level: LBAI
Moderately oversold: IBM and PPC
Trying to hold some rising trend line support: BA, BABA, SU, TAP
Attempting to hold the 65 DMA: ALEX, BGS, $COFFEE, IP, KLIC, KODK, PBI
Attempting to hold the 28 DMA: RGR and Z
Up against the 65 DMA: JPM
Up against the 28 DMA: CSX, LMT, MED, NSC, RGLD, SCHD
Moderately overbought: BMY, HAS, $INDU, PEP
Average overbought: ETN, MRK, PAYX, $SPX
Extremely overbought: TROW
Toppy: DBO, ETN, GILD, HD, PAYX, $SPX
A break out either way is setting up for: QCOM, SMH, TXN, YUMC
Anything posted on these pages may be off base.

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