Signals: MU 1/21/2022

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 20, 2022

MU 1/21/2022

Yi: +69.44
Attempting to bottom out: BITO, BITQ, COIN, ETHE, GS, IQV, MMC
Oversold: PAYX
Moderately oversold: ALEX, FLR, IYG
Trying to hold some rising trend line support: CLX, IBM, TSN
Trying to hold some falling trend line support: AEO
Attempting to hold the 28 DMA: AMP, CLX, CVS, EMR, IP, NYCB, TKR
Attempting to hold the 65 DMA: ADM, AIG, BGS, CMI, $LUMBER, PRU, TSM
Up against the 28 DMA: MS, TUP
Moderately overbought: DBA, SIL, SLV, SLVO
Overbought: BAL, $COTTON, $CRB, NEM
Toppy: BBL, COPX, IYE, LMT
A break out either way is on the way for: ETCG, GEF
Anything posted on these pages may be off base.

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