Signals: MU 2-3-2024

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, February 2, 2024

MU 2-3-2024

Yi: + 79.05
Attempting to bottom out: GOOG, NYCB
Oversold: TUP
Moderately oversold: CAR
Attempting to hold the 65: BAC, $CRB, ETCG
Up against some falling some falling trend line resistance: ORCL
Overbought: AMZN, F, T
Extremely overbought: META
Has gone parabolic: META
ABEWISUF: $BTCUSD, GBTC, MARA
Anything posted may be off base.

Friday, February 2, 2024

MU 2-3-2024

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