Signals: MI 2-14-2023

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.

Monday, February 13, 2023

MI 2-14-2023

Yi: + 51.32
Attempting to bottom out: BGS, HBI, JNUG, MED, MMM, SPWR, TUP
Oversold: GFI
Moderately oversold: AA, COPX, ETH, PHI, VALE
Trying to hold some rising trend line support: FCX
Attempting to hold the 28: BITO, DM, NFLX, NTES, WOLF
Attempting to hold the 65: B, CNK, VOX
Up against the 65: CPB, UGA
Up against the 28: WEC
Up against some falling trend line resistance: DBO, $WTIC
Moderately overbought: $XOI
Overbought: LMT
ABEWISUF: CSIQ, $USD, UUP
Anything posted may be off base.

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