Signals: MU 11-10-2023

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.

Thursday, November 9, 2023

MU 11-10-2023

Yi: + 61.32
Attempting to bottom out: RGR, SPXU
Oversold: $XOI
Moderately oversold: FLR, GDX, GOLD, RGLD, $UST30Y, $XAU
Trying to hold some rising trend line support: SIL
Trying to hold falling trend line support: BBY, WBD
Attempting to hold the 28: $GOLD, OMC, SDY, WGMI, WY
Attempting to hold the 65: BEN
Up against the 65: UUP
Up against the 28: HSY, MARA, $USD
Up against rising trend line resistance: BITQ
Moderately overbought: GE, ORCL
Toppy: AAPL, AMZN, D, DELL, $HGX, IVW, MSFT, QQQ, SCHX, $SPX, XLK
Anything posted may be off base.

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