Signals: MU 2-13-2024

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.

Monday, February 12, 2024

MU 2-13-2024

Yi: + 81.09
Attempting to bottom out: COPX, GDX, JNUG, MMM, PM, PPLT, SIL, $XAU
Oversold: GOLD
Moderately oversold: GIS, KHC, MKC
Up against the 65: D, INTC, $NYA50R, TAP, $UST3M
Up against the 28: BGS, BIDU, BMY
Up against some rising trend line resistance: HBI
Up against some falling trend line resistance: CAR
Moderately overbought: BITW, GOOG, RIOT
Overbought: AMZN, IVW, $NDX, QQQ, XLK
Toppy: IVW, MSFT, $NDX, ORCL, QLD, QQQ, SCHB, SCHX, $SPX, TSM, XLK
ABEWISUF: CSCO, UUP
Anything posted may be off base.

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