Signals: MU January 27, 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 26, 2022

MU January 27, 2022.

Yi: +65.03
Trying to bottom out: BEN, BITO, ETN, IR, PFE, XRX
Oversold: CLX
Moderately oversold: CL, CPB, KMB, KR, NUS
Attempting to hold the 28 DMA: $COFFEE, FLO
Up against the 65 DMA: BNS, HAP, HNI, OMC, PRU
Up against the 28 DMA: MAIN, PAG, USB
Up against some falling trend line resistance: ETCG, PPLT, WHR
Up against some rising trend line resistance: IYE, OIL, XLE
Moderately overbought: IBM, GLW
A break out either way is setting up for: MAN, SLVO
Anything posted on these pages may be off base.

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