Signals: MU 12-5-2023

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.

Monday, December 4, 2023

MU 12-5-2023

Yi: + 67.78
Attempting to bottom out: $UST3M
Moderately oversold: GOOG
Attempting to hold some falling trend line support: PFE
Attempting to hold the 65: AMZN, BIDU, INTC, $NDX, QLD, QQQ, TSM, XLK
Up against the 65: QID, UUP
Up against the 28: BMY, GIS
Up against some falling trend line resistance: $USD
Moderately overbought: BEN, CAT, CLF, FLR, USB, WOLF
Overbought: AEM, BA, IBM, $NYA50R, SIL, YYY
Toppy: BA, GDX, GE, GOLD, IBM, JNUG, RGLD, T, $XAU
ABEWISUF: WY
Anything posted may be off base.

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