Signals: MU 9-11-2024

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.

Tuesday, September 10, 2024

MU 9-11-2024

Yi: + 88.22
Attempting to bottom out: ETCG, FL
Trying to bounce: ETHE, JNUG, $NDX, QLD, QQQ, $XAU, XLK
Oversold: CBRL, GOOG
Moderately oversold: GPC, RGR, SEE
Trying to hold some rising trend line support: AU
Trying to hold some falling trend line support: GOOG
Attempting to hold the 28: HBI, VGK
Up against the 65: MSFT, PPLT
Up against the 28: GE, $PLAT, UUP
Moderately overbought: HSY, ORCL
Up against some falling trend line resistance: DJT
ABEWISUF: AVAV, $HGX, NTAP
Anything posted may be off base.

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