Signals: MU 9-20-2023

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 19, 2023

MU 9-20-2023

Yi: + 62.70
Attempting to bottom out: BBY, NCR, PFE
Oversold: BMY, TUP
Moderately oversold: CLF
Trying to hold some rising trend line support: GT, SCHB, TSL, TSLA, XLK
Attempting to hold the 28: AMZN, SIL
Attempting to hold the 65: APD, $GASO, INTC
Up against the 65: SIVR
Up against the 28: AAPL, BITO, GLW, RGR
Up against some falling trend line resistance: TAP
Moderately overbought: AEM, MAIN, PM
Overbought: MET
ABEWISUF: FL, GFI, GIS, GOOG, $HGX, PG
Anything posted may be off base.

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