Signals: MU 9-1-2022

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.

Wednesday, August 31, 2022

MU 9-1-2022

Yi: + 49.05
Attempting to bottom out: GOLD, RGR, SIL, VNO, WBA, WGMI
Extremely oversold: RGR
Moderately oversold: AEM, AMP, AVAV, CAKE, CAT, CMI, COPX, CVS, KODK, MMC, MS, NDAQ, NTAP, RY, SNA, VALE, XMMO
Trying to hold some rising trend line support: CANE
Trying to hold some falling trend line support: MAIN
Attempting to hold the 28: DBI, FLR, HAP, LBAI, PAG, SPWR, STLD
Attempting to hold the 65: NTR
Moderately overbought: DBA
ABEWISUF: BITQ, FL, NIB, $USD
Anything posted may be in error.

Wednesday, August 31, 2022

MU 9-1-2022

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