Signals: MU 6-26-2024

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, June 25, 2024

MU 6-26-2024

Yi: + 94.07
Attempting to bottom out: $BTCUSD
Trying to bounce: BITO, BITW, GBTC
Trying to hold some rising trend line support: BITW, QCOM
Trying to hold falling trend line support: X
Attempting to hold the 28: ANF
Attempting to hold the 65: GM
Up against the 65: HSY
Up against the 28: C, $PLAT
Up against some falling trend line resistance: BMY, MMM
Moderately overbought: FL, MET
Toppy: LIN, LMT, MAIN, MET, VFC
ABEWISUF: D, NTAP, SPXU, UNG
Anything posted may be off base.

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