Signals: MU 11-2-2023

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, November 1, 2023

MU 11-2-2023

Yi: + 57.7
Attempting to bottom out: CAT, F, FLR, TSL, TSLA, TSM
Oversold: VFC
Moderately oversold: RGLD
Trying to hold some falling trend line support: COPX
Attempting to hold the 28: JNUG, MARA, QID, UNG
Attempting to hold the 65: GOLD, $UST30Y
Up against the 65: CBRL, MAIN, META
Up against the 28: AAPL, BAC, KHC, MMC, ORCL
Up against some falling trend line resistance: CAKE
Moderately overbought: CLF, LIN, M
Toppy: PPLT
ABEWISUF: CPB, D, GIS, KNDI, WY
Anything posted may be off base.

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