Signals: MU 1-30-2023

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, January 27, 2023

MU 1-30-2023

Yi: + 48.85
Attempting to bottom out: MKC
Oversold: MKC
Moderately oversold: $PLAT, PPLT
Trying to hold some rising trend line support: LOW, PPLT
Attempting to hold the 28: AU, GT, PPC, WOLF
Attempting to hold the 65: BGS, JNUG
Up against the 65: GPC
Up against the 28: LMT, WBA
Up against rising trend line resistance: $HGX
Up against some falling trend line resistance: AVAV, $INDU, MET
Moderately overbought: APD, COST, $INDU, MSFT, RGR, SU, XOM
Overbought: BNS, EBAY, FL, WBD, $XOI
Toppy: AMAT, ASA, COPX, EWA, GDX, M, NFLX, RGLD, SIL, VALE, $XAU
ABEWISUF: A, ADX, AGX, B, BITQ, BITW, BMY, ETCG, SCHD, VFC, WU
Anything posted may be off base.

No comments:

Subscribe to: Post Comments (Atom)