Signals: Morning Update for 1/20/2022.

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, January 19, 2022

Morning Update for 1/20/2022.

Yi: +71.1
Attempting to bottom out: A, LIN, PFE, TUP
Oversold: YUM
Moderately oversold: CBRL, CSCO, CSX, PFE, RGR, USB
Trying to hold some rising trend line support: STLD
Attempting to hold the 28 DMA: AGX, SDY, VGK
Attempting to hold the 65 DMA: AMP, XRX
Up against some falling trend line resistance: MAIN
Moderately overbought: DWAC, GOLD, NTR, PPLT
Overbought: LMT, $UST30Y
Toppy: CPB, FLO, OIL, RY, TD, TSN, UGA, $WTIC, XLE, $XOI
Anything posted on these pages may be off base

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