Signals: MU 2-17-2022

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.

Thursday, February 16, 2023

MU 2-17-2022

Yi: + 49.7
Attempting to bottom out: GFI
Oversold: AEM, AU
Moderately oversold: EWA
Attempting to hold the 28: BAC, LEN, PFF, WY, YYY
Attempting to hold the 65: CVS, $HGX, $SPX
Up against the 65: CLF, DM
Up against the 28: AIG, $COPPER
Up against some rising trend line resistance: WSO
Up against some falling trend line resistance: AIG, ETCG, ETHE, MARA, NTAP, TUP
Moderately overbought: CSCO, Z
Toppy: AXP, TSL, TSLA
ABEWISUF: FAST, GLW, NOBL, OIL, OMC, PPC, QRTEA, SDY, T, WBA, WOR, $WTIC
Anything posted may be off base.

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