Signals: MU 7-29-2023

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 28, 2023

MU 7-29-2023

Yi: + 67.19
Moderately oversold: B, BMY, CAR, G, PPLT
Attempting to hold the 28: GDX, GOLD, RGLD, SIL
Attempting to hold the 65: AU, BITQ, BITW, CSCO, GIS, $NYA50R, PFE, $SILVER, SIVR
Up against the 28: TSM, $USD
Up against falling trend line resistance: CSX
Moderately overbought: $UST30Y
Overbought: NYCB
Toppy: MAIN, NCR
ABEWISUF: BITO, $BTCUSD
Anything posted may be off base.

Friday, July 28, 2023

MU 7-29-2023

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