Signals: MU 6-10-2022

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, June 9, 2022

MU 6-10-2022

Yi: + 50.45
Oversold: NTR
Attempting to hold some rising trend line support: B, TROW
Attempting to hold some falling trend line support: MKC, VNO
Attempting to hold the 28: BEN, CL, $HGX, PPLT, TD, TTM, USB, VOT
Attempting to hold the 65: IVW, JJN, NUS, QSR, SLVO, WOLF
Up against the 65: SPXU
Up against the 28: CORN, CPB, TSLA
Up against falling trend line resistance: GEF, TSLA
Moderately overbought: BABA, JWN
Toppy: BIDU, CAT, CMI, G, IYE, KODK, MGA, RYE, SU, USOI, XLE, $XOI, XOM
Setting up for a break out either way: DBA, $GOLD
Anything posted on these pages may be off base.

No comments:

Subscribe to: Post Comments (Atom)