Signals: MU 4-23-2024

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, April 22, 2024

MU 4-23-2024

Yi: + 79.7
Attempting to bottom out: BIDU, CBRL, $NDX, $SPX, TUP
Trying to bounce: ANF, QLD, QQQ, SCHB, SCHX, $SPX, STX, XLK
Moderately oversold: AMZN, META
Trying to hold some rising trend line support: AU, GOLD
Attempting to hold the 65: SIL, $SILVER, SIVR
Up against the 65: $BTCUSD, F, NYCB
Up against the 28: BITW, GBTC, MET, SDY, UNG, WBD
Up against some rising trend line resistance: MAIN
Up against some falling trend line resistance: ETHE, NOBL, PM
Moderately overbought: PM, SPXU
Overbought: LMT
ABEWISUF: ETCG, IBM, MED, $UST30Y, VYX
Anything posted may be off base.

No comments:

Subscribe to: Post Comments (Atom)