Signals: MU 3/2/2022

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, March 1, 2022

MU 3/2/2022

Yi: + 63.1
Attempting to bottom out: TSM
Oversold: BGS, BWA, NIB
Moderately oversold: $COTTON
Attempting to hold some rising trend line support: AIG, CBRL, NIB, $PLAT, PRU
Attempting to hold some falling trend line support: AFL, BABA, CUT, GEF
Up against the 65 DMA: MRK, TSLA, YETI
Up against the 28 DMA: BBY
Up against some falling trend line resistance: CAR, MAIN, PAYX
Moderately overbought: AVAV, BIDU, HAP, HRL, IYE, RGR, RYE, SU
Overbought: NTR
Toppy: NTR
Anything posted on these pages may be off base.

1 comment:

Anonymous said...: Thank you for these daily Signals. Always gives me much to consider; 7:00 AM, March 02, 2022

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