Signals: MU-20-2024

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, November 19, 2024

MU-20-2024

Yi: +101.5
Attempting to bottom out: BGS, RGR
Trying to hold some rising trend line support: GM
Attempting to hold the 28: CSCO
Attempting to hold the 65: AMZN
Up against the 28: FLR
Up against some falling trend line resistance: UNG
Moderately overbought: APD, PM
Toppy: T
Anything posted may be off base.

Tuesday, November 19, 2024

MU-20-2024

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