Signals: MU 2-16-2024

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, February 15, 2024

MU 2-16-2024

Yi: + 81.22
Attempting to bottom out: AEM, CAR, GDX, GOLD, $GOLD, GT, JNUG, $XAU
Oversold: CPB
Moderately oversold: CBRL
Trying to hold some rising trend line support: HBI
Attempting to hold the 28: DELL
Attempting to hold the 65: $CRB
Up against the 65: $PLAT, PPLT
Up against the 28: D, DD, INTC, $NYA50R, OMC
Up against falling trend line resistance: ETCG
Moderately overbought: QRTEA
Overbought: RIOT
Toppy: BITO, $BTCUSD, MARA, WGMI
ABEWISUF: BA, HSY, PM
Anything posted may be off base.

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