Signals: MU 3-8-2024

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.

Thursday, March 7, 2024

MU 3-8-2024

Yi: + 83.2
Attempting to bottom out: GOOG, TSL
Oversold: FL, TSLA
Moderately oversold: $USD
Attempting to hold the 65: QRTEA
Up against the 28: CSCO
Up against some falling trend line resistance: D
Up against some rising trend line resistance: $SPX
Moderately overbought: AFL, BMY, CAKE
Overbought: AEM, AIG, ETCG, LIN, QCOM
Toppy: AEM, AVAV, MET
ABEWISUF: BITQ
Anything posted may be off base.

Thursday, March 7, 2024

MU 3-8-2024

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