Signals: MU 4-9-2024

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.

Monday, April 8, 2024

MU 4-9-2024

Yi: + 84.84
Attempting to bottom out: PFE
Moderately oversold: GPC, QRTEA
Attempting to hold the 28: SDY, T, XRX
Up against the 28: B
Overbought: $CRB, GOLD
Extremely overbought: GE
Toppy: CNK, $GASO, META, $XOI
ABEWISUF: CPB, GIS, ORCL
Anything posted may be off base.

Monday, April 8, 2024

MU 4-9-2024

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