Signals: MU January 26, 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.

Tuesday, January 25, 2022

MU January 26, 2022.

Yi: +65.25
Trying to bottom out: BITQ, BITW, ETCG, ETHE, PHG, YYY
Oversold: FAST
Moderately oversold: BGS, EMR, WBA
Trying to hold some rising trend line support: CC
Trying to hold some falling trend line support: APD
Attempting to hold the 28 DMA: CMI, OMC
Attempting to hold the 65 DMA: PM
Up against the 65 DMA: FL
Up against the 28 DMA: AEO
Up against some rising trend line resistance: CORN
Up against some falling trend line resistance: M
Anything posted on these pages may be off base.

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