Signals: MU 10-28-2023

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.

Friday, October 27, 2023

MU 10-28-2023

Yi: + 53.65
Attempting to bottom out: CAR, COPX, GOOG, META, NTAP, TSLA, XRX
Extremely oversold: B, F
Oversold: GOOG, PM, QQQ
Moderately oversold: CSCO, ORCL, RGLD
Trying to hold some rising trend line support: AFL, MSFT
Trying to hold some falling trend line support: BBY
Attempting to hold the 28: AEM, CBRL, T
Attempting to hold the 65: MSFT
Up against the 28: AMZN
Up against some falling trend line resistance: INTC
Moderately overbought: CLF, IBM
Overbought: QID
ABEWISUF: OMC
Anything posted may be off base.

No comments:

Subscribe to: Post Comments (Atom)