Signals: MU 5-21-2024

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, May 20, 2024

MU 5-21-2024

Yi: + 89.1
Attempting to bottom out: FLR
Oversold: CBRL
Moderately oversold: CAKE, MKC
Attempting to hold the 28: FL, M
Attempting to hold the 65: DJT
Up against rising trend line resistance: DD
Up against some falling trend line resistance: UUP, $XOI
Moderately overbought: GOLD
Overbought: GOOG, MMC, RGLD, SIVR
Toppy: BAC, C, GM, MET, NOBL, PPLT, SEE
ABEWISUF: TSL
Anything posted may be off base.

Monday, May 20, 2024

MU 5-21-2024

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