Signals: MU 7-27-2022

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.

Tuesday, July 26, 2022

MU 7-27-2022

Yi: + 48.65
Attempting to bottom out: BABA, CANE, KR, $SUGAR, WEAT
Extremely oversold: AEM
Oversold: CANE
Moderately oversold: $LUMBER
Trying to hold some rising trend line support: VFC, WGMI
Trying to hold falling trend line support: KR, $SUGAR
Attempting to hold the 28: BBY, CAT, CLX, HOOD, KODK, YUMC
Attempting to hold the 65: BBY, FLR, TROW, TTM
Up against the 65: $COPPER, SU, UGA, USOI
Up against the 28: HAP, PICK, $PLAT
Moderately overbought: USB
Overbought: UNG
Toppy: CVY, GPC, MGA, ORCL, UYG
ABEWISUF: AVAV, CC, CG, DD, NYCB, TWTR, $WTIC
Anything posted on these pages may be way off base.

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