Signals: MU 9-15-2023

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.

Thursday, September 14, 2023

MU 9-15-2023

Yi: + 64.85
Attempting to bottom out: BGS, GPC, NOBL, STX, WGMI
Moderately oversold: AAPL, MMM
Attempting to bottom out: B, CAR, FL, GIS, HSY, MARA
Attempting to hold the 28: FLR, TAP, XRX
Attempting to hold the 65: ANF
Up against the 65: RIOT, WOLF
Up against the 28: BAC, GT, JNUG, RGLD
Up against falling trend line resistance: BITO, $BTCUSD, KNDI, PM
Moderately overbought: F
Overbought: AMZN
ABEWISUF: AEM, DELL, NCR, PSQH, USB
Anything posted may be off base.

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