Signals: MU 9-13-2023

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.

Tuesday, September 12, 2023

MU 9-13-2023

Yi: + 63.48
Attempting to bottom out: AU, $PLAT, QRTEA, WGMI, WOLF
Extremely oversold: BGS
Oversold: CAKE
Moderately oversold: HBI, ORCL, VFC
Trying to hold some rising trend line support: XLK
Trying to hold some falling trend line support: CLF
Up against the 65: $XAU
Up against the 28: CSX, GOLD
Up against some falling trend line resistance: MMM
Moderately overbought: AMZN, APD, TAP, TSL, TSLA
Toppy: DELL, GOOG, INTC
ABEWISUF: CAT, T, USB, WHR
Anything posted may be off base.

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