Signals: MU 4/25/20022

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.

Friday, April 22, 2022

MU 4/25/20022

Yi: + 60.75
Attempting to bottom out: BABA
Oversold: DWAC
Moderately oversold: LMT, SPWR
Trying to hold some rising trend line support: ADM, ALV, $SPX
Trying to hold some falling trend line support: PPLT
Attempting to hold the 28 DMA: CUT, WEAT
Attempting to hold the 65 DMA: $COTTON, MRK, RGR, TAP
Moderately overbought: $LUMBER
Overbought: KMB
Toppy: BGS, BMY, CBRL, FLO, GIS, KHC, KO, PEG, PM, SOYB
A break out in either direction is on the way for: OIL, UGA, $WTIC
Anything posted on these pages may be off base.

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