Signals: MU 7-26-2022

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.

Monday, July 25, 2022

MU 7-26-2022

Yi: + 49.2
Attempting to bottom out: CORN, $GASO, T
Oversold: NEM
Trying to hold some rising trend line support: BABA, HA, MED, TXN, WOLF, YUM
Attempting to hold the 28: GBTC, HA, META, $USD
Attempting to hold the 65: GBTC, $BTCUSD, HA, STX
Up against the 65: EMR
Up against falling trend line resistance: IYG, JJN, SDY
Moderately overbought: IYG
Overbought: ALV, GPC
Toppy: AMAT, HBI, HD, $HGX, MDC, $NDX, TROW, TSLA, TTM
ABEWISUF: CLX, OMC
Anything posted on these pages may be off base.

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