Signals: MU 2-24-2024

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.

Friday, February 23, 2024

MU 2-24-2024

Yi: + 82.85
Attempting to bottom out: RGLD, SIL, TUP, $UST3M
Oversold: WBD
Moderately oversold: BGS, GFI, T
Attempting to hold falling trend line support: SPXU
Attempting to hold the 28: SIVR
Attempting to hold the 65: BITW, CAR, $SILVER, UUP
Up against the 65: APD, NTAP
Up against the 28: AFL, ORCL, WHR
Up against some falling trend line resistance: AAPL, BBY, BIDU, MET, PFE
Up against some rising trend line resistance: META, SCHX, $SPX
Moderately overbought: BMY, DD, NOBL, VGK
Overbought: CSX
Toppy: LIN
ABEWISUF: NYCB, OMC, VFC
Anything posted may be off base.

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