Signals: MU 7-22-2023

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, July 21, 2023

MU 7-22-2023

Yi: + 65.77
Attempting to bottom out: BITO, QID
Moderately oversold: TSLA, TSM
Trying to hold some rising trend line support: ETCG, ETHE, MAIN, META, ORCL
Attempting to hold the 28: CAR, META, WHR, X
Attempting to hold the 65: ETCG, G
Up against the 65: HSY
Up against the 28: BA, MKC
Up against some rising trend line resistance: AIG
Moderately overbought: CSCO, EBAY, MMC, MMM
Overbought: NOBL, IBM, SDY, TAP
Toppy: AFL, BBY, DD, GT, MET, SEE
ABEWISUF: QRTEA, RGLD, VGK
Anything posted may be off base.

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