Signals: MU for 8/10/2021.

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.

Monday, August 9, 2021

MU for 8/10/2021.

Yi: +69.8
Possible bottom here for: CPB, HRL
Attempting to bottom out: AU, CLX, PPLT
Oversold: APD, $GOLD, $PLAT, SLVO, SLV
Moderately oversold: BWA, KMB, RGLD
Attempting to hold rising trend line support: USOI, $WTIC
Attempting to hold the 28 DMA: BBY, CG, COPX, PM
Attempting to hold the 65 DMA: $GASO
Up against the 65 DMA: DBI, IP, OMC
Up against the 28 DMA: TD
Up against some falling trend line resistance: NTAP, WDC
Up against rising trend line resistance: CANE
Moderately overbought: AVAV, IYG, MET, NTAP, PEG, RY, SCHW, $USD, UYG
Overbought: AMP, GS
Toppy: HRB, IDA, $SPX, TPR, VOT, YUM
A break out either way is setting up for: AMAT, CIEN, ETN
Anything posted on these pages may be off base.

No comments:

Subscribe to: Post Comments (Atom)