Signals: MU 10/15/2021

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.

Thursday, October 14, 2021

MU 10/15/2021

Yi: +69.1
Attempting to bottom out: A, BMY, DE, MCHP, MU, SOYB, TAP
Oversold: SOYB
Moderately oversold: CBRL, HRB
Attempting to hold rising trend line support: CAKE, $USD
Attempting to hold the 28 DMA: GEF
Attempting to hold the 65 DMA: USB, $USD, UUP
Up against the 65 DMA: AMAT
Up against the 28 DMA: GLW, MDC, MMM, PEG, PM
Up against falling trend line resistance: NOW, SLV
Moderately overbought: AEM, LMT, MAIN, QCLN, UNH
Overbought: $GASO, TTM
Toppy: CAR, FLO, ORCL, SPWR
A break out either way is setting up for: HA
Anything posted on these pages may be off base.

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