Signals: MU 11/15/2021

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.

Friday, November 12, 2021

MU 11/15/2021

Yi: +76.66
Attempting to bottom out: QSR, RGR
Moderately oversold: BITO, HOOD
Trying to hold rising trend line support: CSCO
Attempting to hold the 28 DMA: $BTCUSD, TSN
Attempting to huld the 65 DMA: JACK, NDAQ
Up against the 65 DMA: $CRB
Up against the 28 DMA: PM
Up against some falling trend line resistance: BWA, NIB
Moderately overbought: ADM, AU, NEM, $PLAT, TAP, UUP
Overbought: PFE, TPR, $USD, WEAT
Extremely overbought: STX
Toppy: LBAI
A break out either way is setting up for: FLR, HRL, LIN, NTR, RY, TTM
Anything posted on these pages may be off base.

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