Signals: MU 1/13/2022

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 12, 2022

MU 1/13/2022

Yi: + 77.47
Attempting to bottom out: TPR
Trying to hold some rising trend line support: HRB
Attempting to hold the 28 DMA: CL, QID
Attempting to hold the 65 DMA: HRL, KMB, PEG
Up against some falling trend line resistance: BITQ, GT, MAIN, SPWR, YYY
Up against some rising tremd line resistance: NTAP
Moderately overbought: NIB, TTM
Overbought: $CRB, IYE, SU, XLE, XOM
Toppy: AFL, AIG, BEN, RYE
A break out either way is on the way for: AGX, HA
Anything posted on these pages may be off base.

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