Signals: MU 4-25-2023

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, April 24, 2023

MU 4-25-2023

Yi: + 50.98
Attempting to bottom out: CC, CLF, GM, STX
Oversold: VALE
Moderately oversold: BITO, ETCG, GBTC, GLW, NEM, QCLN, RIOT
Trying to hold some rising trend line support: LMT
Attempting to hold the 28: ETHE, GT, LMT, MSFT, VOX, XLK
Attempting to hold the 65: AAPL, COPX, EWA, IP, KHC, MMM, $SILVER, WGMI, WY, Z
Up against some falling trend line resistance: AGX
Toppy: TAP, WHR
ABEWISUF: ATI, BAC, CSL, IVW, IYJ, SCHB, SCHX, $SPX, QID, QLD
Anything posted may be off base.

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