Signals: MU 6-18-2024

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, June 17, 2024

MU 6-18-2024

Yi: + 94.25
Attempting to bottom out: BEN, BGS, KHC, MET, $PLAT, TAP
Trying to bounce: AIG, CBRL, CSX, GIS
Extremely oversold: MED
Oversold: $XOI
Moderately oversold: BA, BGS, D, $NYA50R, SEE, $UST30Y, VGK
Trying to hold rising trend line support: AVAV, DD
Trying to hold some falling trend line support: CAR
Attempting to hold the 28: DD, GOOG, HBI, MMM, WHR
Attempting to hold the 65: APD, AVAV, FL
Up against the 28: DELL
ABEWISUF: AEM, NTAP
Anything posted may be off base.

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