Signals: MU 6-15-2024

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.

Friday, June 14, 2024

MU 6-15-2024

Yi: + 92.93
Attempting to bottom out: CSCO, PPLT
Oversold: BEN, HSY
Moderately oversold: GE, NOBL, SDY
Trying to hold some rising trend line support: APD, BA, GLW, PM
Trying to hold some falling trend line support: GPC, GT, WY
Attempting to hold the 28: BITW
Attempting to hold the 65: AMZN, MMC, PM
Up against the 65: B, CPB
Up against rising trend line resistance: YYY
Overbought: QCOM
Moderately overbought: CMG
Toppy: ORCL, YYY
ABEWISUF: BAC, BBY
Anything posted may be off base.

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