Signals: MU 1-5-2024

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, January 4, 2024

MU 1-5-2024

Yi: + 70.94
Attempting to hold the 28: BA, GOLD, INTC, VYX, XRX
Attempting to hold the 65: B, BEN, BITQ, HBI, $HGX, OMC, PPLT, SEE, WHR
Moderately oversold: AEM, AMZN, AVAV, CAKE, CBRL, CMG, FLR, GDX, GPC, GT, IVW, ORCL, SIL, $SILVER, SIVR, TSL, TSLA
Up against the 28: $USD
Overbought: C
Anything posted may be off base.

Thursday, January 4, 2024

MU 1-5-2024

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