Signals: MU 12-16-2022

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, December 15, 2022

MU 12-16-2022

Yi: + 43.12
Attempting to bottom out: UUP
Extremely oversold: TSLA
Moderately oversold: KR, SYY, X
Attempting to hold the 28: A, FLR, FNDF, GDX, IDA, MKC, NEM, RGR, $XAU
Attempting to hold the 65: AIG, COPX, HSY, JNJ, MSFT, ORCL, PM, RGR
Up against the 65: CSIQ, DBC, OIL, PTEN, USL, USO, $WTIC
Up against the 28: $CRB
Up against rising trend line resistance: $GOLD
Overbought: DYN
Toppy: AU, BA, DB, EFV, EWI, FXI, GIS, KHC, PEG, PFE, SIVR, SLV
Anything posted may be off base.

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