Signals: MU 11/26/2021

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, November 24, 2021

MU 11/26/2021

Yi: +77.23
Possible bottom here for: TUP
Trying to bottom out: AEM, BABA, CBRL, HOOD, KHC, MJ, $PLAT, PM, PPLT, YYY
Oversold: DWAC
Moderately oversold: BBY, $GOLD, GOLD, HBI, IWM, ORCL, SPWR, YETI
Trying to hold some rising trend line support: FL, $GOLD, LIN, MGA
Attempting to hold the 28 DMA: ALV, CG, CUT, LIN, O, VFC, WOLF, YUM
Attempting to hold the 65 DMA: IVW, M, SPXU, XMMO
Up against the 65 DMA: IYG, $XOI
Up against the 28 DMA: HAP, PRU, RYE, UYG, XOM
Up against some falling trend line resistance: FLR, USB
Moderately overbought: BBL, GILD, PEG
Overbought: DBA
Toppy: ITW, $LUMBER, WEAT
A break out either way is setting up for: APD, EMR, PFE
Anything posted on these pages may be off base.

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