Signals: MU 3-15-2024

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, March 14, 2024

MU 3-15-2024

Yi: + 83.03
Attempting to bottom out: BA, UNG
Moderately oversold: AVAV
Attempting to hold the 28: GLW, $NYA50R
Attempting to hold the 65: ETHE, $HGX, T
Trying to hold some falling trend line support: FL
Trying to hold some rising trend line support: BITQ, BMY, MAIN
Up against the 65: $USD, UUP
Up against rising trend line resistance: CAT, MMC
Overbought: CNK, COPX, DD
Toppy: AFL, B, BAC, BITO, $BTCUSD, GBTC, GPC, NOBL, OMC, PG, PM, SDY, VGK, YYY
ABEWISUF: BBY, META
Anything posted may be off base.

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