Signals: MU 11/5/2021

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, November 4, 2021

MU 11/5/2021

Yi: +76.67
Extremely oversold: TUP
Oversold: NIB, QRTEA
Moderately oversold: COPX
Attempting to hold the 28 DMA: CMI, MMC
Attempting to hold the 65 DMA: GS, IYE, SPWR
Up against the 28 DMA: CAKE, CPB, HRB, KMB, MJ, UNG, WDC
Up against falling trend line resistance: CNK, HA, $HGX, PPG
Up against rising trend line resistance: $NYA50R
Moderately overbought: AEO, AVAV, FL, FLO, GEF, GIS, GPC, MED, RGLD, TPR, WY
Overbought: ALV, AMAT, ETHE, GT, $INDU, NOBL, SDY
Toppy: AMP, BITQ, ETHE
A break out either way is setting up for: A
Anything posted on these pages may be off base.

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