Signals: MU 7-13-2022

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.

Tuesday, July 12, 2022

MU 7-13-2022

Yi: +44.11
Attempting to bottom out: NUS, PM, PPC, QRTEA, WBD
Extremely oversold: QRTEA
Oversold: TWTR
Moderately oversold: TSN
Trying to hold some rising trend line support: HOOD, LMT, NFLX, NOBL, VOT, YUM
Trying to hold some falling trend line support: TSN
Attempting to hold the 28: HOOD, IQV, TUP, YUM, YUMC
Attempting to hold the 65: NYCB, $SPX
Up against the 65: MMM, NIB, TKR
Up against the 28: BBY, HA, NVS, STX
Up against falling trend line resistance: BEN, HA, MTH, SPXU, TKR
Up against rising trend line resistance: TAP
Overbought: TAP
Toppy: MTH, $USD
ABEWISUF: BMY, DBI, JACK, JJN, LIN, O
Anything posted here may be in error.

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