Signals: MU 6-24-2022

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, June 23, 2022

MU 6-24-2022

Yi: + 43.3
Attempting to bottom out: A, ETN, MJ, NYCB
Oversold: CORN, SU, $WTIC, XOM
Moderately oversold: DBI, OIL
Trying to hold some rising trend line support: SLV, SLVO
Trying to hold some falling trend line support: CAR, COPX, PICK
Attempting to hold the 65: $UST30Y
Up against the 65: YUMC
Up against the 28: APD, KHC
Up against falling trend line resistance: CPB, JO, T
Moderately overbought: CL, MRK
ABOEWISUF: BITW, F, GT, ITW, MS, MU, NTAP, QRTEA, UUP, VGK, VNO, WGMI, XMMO
Anything posted may be in error.

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