Signals: MU 1/14/2022

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.

Thursday, January 13, 2022

MU 1/14/2022

Yi: +75.26
Moderately oversold: PHG, UUP, YUM
Attempting to bottom out: HRB
Attempting to hold the 28 DMA: GS, PAG
Attempting to hold the 65 DMA: D
Up against the 65 DMA: BITW, NTR
Up against the 28 DMA: CG, $DOGEUSD, $HGX, MTH
Up against some falling trend line resistance: DBI, SIL
Up against rising trend line resistance: AMAT, KR
Moderately overbought: $COPPER, DWAC, GT, NEM
Overbought: COPX, TD, TSM
Extremely overbought: RY
Toppy: CVY, IYE, NYCB, PRU, SU, TTM, UGA, $XOI
Anything posted on these pages may be off base.

No comments:

Subscribe to: Post Comments (Atom)