Signals: MU 10/14/2021

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, October 13, 2021

MU 10/14/2021

Yi: +66.65
Attempting to bottom out: IR, MKC, NEM, YUM
Extremely oversold: KLIC
Oversold: A, EMR, MU, TXN
Moderately oversold: AVGO, BEN, $NDX
Trying to hold rising trend line support: CPB
Trying to hold falling trend line support: DE, JACK
Attempting to hold the 28 DMA: CMI, COIN, OMC
Attempting to hold the 65 DMA: DBA, ETHE, TILE
Up against the 65 DMA: FAST
Up against the 28 DMA: AVAV, MDC, SLVO
Up against falling trend line resistance: APD, LMT, MDC
Moderately overbought: ALV, BWA, GIS, HD, O, VFC
Overbought: $COFFEE
Toppy: $CRB, MOS, USOI
A break out either way is setting up for: MRVL
Anything posted may be off base.

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