Signals: MU 9/13/2021

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.

Sunday, September 12, 2021

MU 9/13/2021

Yi: +70.27
Trying to bottom out: CORN, SOYB
Moderately oversold: AVAV, BCO, DBA, WEAT
Trying to hold some rising trend line support: $COFFEE, $COTTON
Attempting to hold the 28 DMA: BAL, BCHG, BGS, $COFFEE, $COTTON, ETHE
Attempting to hold the 65 DMA: EMR, PM
Up against the 28 DMA: MU
Up against some falling trend line resistance: $COPPER, HD, IR, TXN
Up against some rising trend line resistance: MCHP
A break out either way is on the way for: CMI, YUM
Anything posted on these pages may br off base.

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