Signals: MU 10-18-2023

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.

Tuesday, October 17, 2023

MU 10-18-2023

Yi: + 63.37
Attempting to hold the 28: AAPL, CMG, CNK, $NDX, QQQ
Moderately oversold: CNK
Trying to hold some rising trend line support: TSL, TSLA, YYY
Attempting to hold the 65: UNG, X
Up against the 65: B, CPB, MED, PG, WOLF
Up against the 28: CAT PPLT, WBD, WHR
Up against rising trend line resistance: AIG, ANF
Up against some falling trend line resistance: GOLD
Moderately overbought: AVAV, VFC
Overbought: GBTC, RGR
ABEWISUF: D, $USD, WY
Anything posted may be off base.

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