Signals: MU 12-18-2024

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.

Tuesday, December 17, 2024

MU 12-18-2024

Yi: + 104.72
Trying to bottom out: $UST3M
Oversold: LIN
Moderately oversold: CSX, DD, F, GDX, GPC, GT, KMI, MED, ORCL, PM, RGLD, SIL, T, TAP, WY
Attempting to hold the 28: GIS, $GOLD, HBI, HSY
Attempting to hold the 65: C, IBM, SCHB, SCHX, VGK
Moderately overbought: $CRB, RIOT, $UST30Y
Overbought: BA, QLD, QQQ
Toppy: AMZN, BA, $NDX
Anything posted may be off base.

Tuesday, December 17, 2024

MU 12-18-2024

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