Signals: MU 6-27-2023

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, June 26, 2023

MU 6-27-2023

Yi: + 56.05
Attempting to bottom out: CBRL, IP, $PLAT, SIL, $SILVER
Oversold: KHC, PFE, PPLT
Moderately oversold: C, CAKE, DD, IBM, SDY, STX, T, VGK, WBD, XRX
Trying to hold some rising trend line support: AVAV, BMY, $GASO, LMT
Attempting to hold the 28: FLR, HBI, MET, $NYA50R, PG, VALE
Attempting to hold the 65: VFC
Up against the 65: MAT, QID
Up against the 28: NYCB
Moderately overbought: BITQ, UNG
Toppy: $BTCUSD, GBTC, META, MKC, WGMI
ABEWISUF: LIN
Anything posted may be off base.

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