Signals: MU 4-24-2024

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.

Tuesday, April 23, 2024

MU 4-24-2024

Yi: + 81.65
Attempting to bottom out: FL, IVW, TSL, WY
Trying to bounce: AAPL, GT, $HGX, MSFT, NTAP, TSLA, TSM, QCOM
Oversold: XRX
Moderately oversold: AU, PG, $PLAT
Trying to hold some rising trend line support: $GOLD, ORCL
Attempting to hold the 28: GDX, GFI, JNUG, RGLD, $XAU
Attempting to hold the 65: AIG, $GOLD
Up against the 65: CAT, $XOI
Up against the 28: BITO, BITQ, VGK
Up against some falling trend line resistance: PFE
Moderately overbought: CPB, D, GIS, KHC, MKC, RIOT, WGMI
ABEWISUF: CSCO
Anything posted may be off base.

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