Signals: MU 9-21-2023

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.

Wednesday, September 20, 2023

MU 9-21-2023

Yi: + 61.35
Attempting to bottom out: CBRL
Attempting to hold the 28: CPB, D
Moderately oversold: BIDU, CNK
Trying to hold some rising trend line support: GOOG, XLK
Attempting to hold the 28: GOOG
Attempting to hold the 65: USB
Up against the 65: $SILVER
Up against the 28: MED, STX
Up against some falling trend line resistance: AFL
Up against rising trend line resistance: IBM
Moderately overbought: $BTCUSD, $PLAT
Overbought: AIG, FLR
Toppy: $CRB, MAIN, MET
ABEWISUF: ORCL
Anything posted may be off base.

No comments:

Subscribe to: Post Comments (Atom)