Signals: MU 10-18-2024

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, October 17, 2024

MU 10-18-2024

Yi: + 100
Attempting to bottom out: BITI
Attempting to hold the 28: COPX, $CRB, GT
Up against some rising trend line resistance: RGLD
Moderately overbought: ANF, BITQ, CAKE, D, GDX, MARA, NOBL, $NYA50R, OMC, RGLD, WGMI
Overbought: BITW, CSCO, FLR, TSM
Toppy: APD, BTC, GBTC, $HGX, KMI
ABEWISUF: MMM, PM, TSLA
Anything posted may be off base.

Thursday, October 17, 2024

MU 10-18-2024

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