Signals: MU 3-5-2024

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, March 4, 2024

MU 3-5-2024

Yi: + 84.25
Extremely oversold: VYX
Moderately oversold: BA, KHC
Attempting to hold the 28: $UST30Y
Attempting to hold the 65: MMC
Up against the 65: CSCO
Up against the 28: UNG
Up against falling trend line resistance: BEN, M
Up against rising trend line resistance: SCHX, XLK
Moderately overbought: CNK
Overbought: $HGX, STX
Going parabolic: BITO, BITW
ABEWISUF: $USD, WHR
Toppy: AMZN
Anything posted may be off base.

Monday, March 4, 2024

MU 3-5-2024

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