Signals: MU 12/15/2021

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.

Tuesday, December 14, 2021

MU 12/15/2021

Yi: +75.25
Attempting to bottom out: AEM, AEO, AGX, AU, COIN, M, MED, WOLF
Extremely oversold: AGX
Oversold: FL, GBTC
Moderately oversold: AMAT, DBI, ETHE, GLW, GT, HA, HBI, KLIC, RY, TSM, YETI
Trying to hold some rising trend line support: AMP, DE, HD, SU, TXN, XMMO
Attempting to hold the 28 DMA: CC, CORN, CSX, HNI, IQV, MCHP, XLK
Attempting to hold the 65 DMA: COPX, DWAC, MU
Up against the 65 DMA: $DOGEUSD
Up against the 28 DMA: APD
Up against some falling trend line resistance: PM
Up against rising trend line resistance: TSN
Moderately overbought: BBL, BMY, GIS, KMB, KR, PFE, WEC
Overbought: HRL
Extremely overbought: $LUMBER
Toppy: CIEN, CVS, FAST, ITW, JNPR
Anything posted on these pages may be off base.

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