Signals: MU for 8/12/2021.

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, August 11, 2021

MU for 8/12/2021.

Yi: +70.23
Trying to bottom out: AEM, AU, BWA, CL, GPC, JACK, KDP, NEM, RGLD, SIL, SLVO
Moderately oversold: MU
Attempting to hold the 28 DMA: MCO, UIS, XLK
Attempting to hold the 65 DMA: MRVL, WDC
Up against the 28 DMA: GIS, IYE, MGA, PBI, XLE, XOM
Up against some falling trend line resistance: AEO, IP
Moderately overbought: ADM, BBY, BNS, CUT, FCX, IR, MAIN, SCHD, TD, $UST30Y
Overbought: KR, MS, $SUGAR, TSN
Extremely overbought: ETN
Toppy: A, MSI, SCHW, TROW
A break out either way is setting up for: ALEX, MJ, WEC, WU
Anything posted here may be off base.

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