Signals: MU 1-20-2024

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, January 19, 2024

MU 1-20-2024

Yi: 76.05
Attempting to bottom out: BAC, BEN, BITQ, D, HBI, MKC, PFE, RIOT, VYX, WGMI, WY, $XOI, XRX
Extremely oversold: MED
Oversold: BITQ
Moderately oversold: BITO, D, SEE
Attempting to hold the 28: ETHE
Attempting to hold the 65: MARA, TAP
Up against the 28: CNK
Moderately overbought: ORCL
Toppy: UUP
ABEWISUF: B, GFI, OMC
Anything posted may be off base.

Friday, January 19, 2024

MU 1-20-2024

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