Signals: MU 12-10-2024

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, December 9, 2024

MU 12-10-2024

YI: + 106.05
Trying to bottom out: CPB, SETH, SPXU
Oversold: RGR
Moderately oversold: OMC, SDY
Attempting to hold the 28: NOBL, PG
Attempting to hold the 65: BEN, CAKE, KMI
Up against the 28: KHC, PFE
Moderately overbought: VGK
Overbought: HSY
Toppy: AMZN, BITO, BITW, BTC, $BTCUSD, CMG, CSCO, ETCG, ETHE, IBM, $NDX, QLD, QQQ, SCHB, SCHX, $SPX, T, TSM, USB, XLK
Anything posted may be off base.

Monday, December 9, 2024

MU 12-10-2024

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