Signals: MU 2/17/2022

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, February 16, 2022

MU 2/17/2022

Yi: +70.02
Attempting to bottom out: CL, GILD, PFE, WEC
Oversold: IQV
Moderately oversold: CAR, PEG
Attempting to hold the 28 DMA: MKC, NIB, SPWR
Attempting to hold the 65 DMA: NIB, OIL
Up against the 28 DMA: ALEX, BWA, KLIC
Up against some falling trend line resistance: $BTCUSD, QSR
Up against some rising trend line resistance: HNI
Moderately overbought: CAKE, HA, MU, STLD, WOLF, XRX
Toppy: $GOLD
A break out either way is setting up for: FLO, GT
Anything posted on these pages may be off base.

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