Signals: MU 3/10/2022

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, March 9, 2022

MU 3/10/2022

Yi: +62.16
Attempting to bottom out: APD, CIEN, GT, IP, MJ, OMC, RY, TD, TTM
Oversold: CLX, FLO, STX
Moderately oversold: DWAC, GIS
Trying to hold some falling trend line support: KMB, STX
Attempting to hold the 28 DMA: COPX, CSX
Attempting to hold the 65 DMA: DE, $LUMBER
Up against the 65 DMA: MCHP
Up against some falling trend line resistance: LIN, MARA, MCHP
Moderately overbought: SPWR
Toppy: IYE, RYE, XLE
Has gone parabolic: $GOLD
Anything posted on these pages may be off base.

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