Signals: MU 6-17-2023

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.

Friday, June 16, 2023

MU 6-17-2023

+ 58.55
Attempting to bottom out: BITW, BMY, $BTCUSD, RIOT
Extremely oversold: QID
Moderately oversold: $USD, UUP
Attempting to hold the 28: NYCB, $UST3M
Attempting to hold the 65: MAT
Up against the 28: SEE, T
Up against rising trend line resistance: ETHE, MKC
Moderately overbought: GPC, INTC, MMM, PM
Overbought: BBY, CSCO, CSX, NOBL
Toppy: AAPL, ANF, BIDU, MSFT, $NDX, ORCL, QQQ, SCHB, SCHX, XLK
A breakout either way is setting up for: EBAY, GIS, M, $XOI
Anything posted may be off base.

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