Signals: MU 11-9-2022

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, November 8, 2022

MU 11-9-2022

Yi: + 44.58
Attempting to bottom out: $LUMBER
Oversold: BITO, BTCUSD, D
Trying to hold falling trend line support: RIOT
Attempting to hold the 28: QID
Attempting to hold the 65: AVAV
Up against the 65: CC, CSX, F
Up against the 28: PFF, QLD, QQQ, STX
Up against falling trend line resistance: XRX
Moderately overbought: $COTTON, $CRB, MAIN, NSC, PPC, SNA
Overbought: EMR, GE, GS, IR, LIN, YUM
Toppy: B, DBO, FLR, MS
ABEWISUF: AKAM, CAKE, GM, KHC, M, MED, MJ, PFE, SCHH, YETI
Anything posted may be off base.

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