Signals: MU 6-24-2023

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 23, 2023

MU 6-24-2023

Yi: + 56.63
Trying to bottom out: AEM, AU, GFI, MAIN, SIL, SIVR, $USD
Oversold: $PLAT, $SILVER
Moderately oversold: BA, BAC, EBAY, IP
Trying to hold some rising trend line support: PFE
Attempting to hold the 28: AFL, BEN, D, QCOM, RIOT, WOLF
Attempting to hold the 65: AIG, BMY, CLF, COPX, CSCO, INTC, VALE, WHR, XLK
Up against the 28: UUP
Moderately overbought: BGS, MED
Up against some falling trend line resistance: GIS
Toppy: ANF
ABEWISUF: A, HSY
Anything posted may be off base.

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