Signals: MU 2-1-2024

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.

Wednesday, January 31, 2024

MU 2-1-2024

Yi: + 75.28
Attempting to bottom out: BA, SPXU, UNG
Oversold: NYCB
Attempting to hold the 65: GPC, QCOM
Up against the 28: F
Moderately overbought: B, BMY, CLF, CSX, ETCG, GBTC, GFI
Toppy: ANF, C, CMG, DELL, HBI, MAIN, META, NOBL, OMC, YYY
Anything posted may be off base.

Wednesday, January 31, 2024

MU 2-1-2024

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