Signals: MU 6-28-2024

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.

Thursday, June 27, 2024

MU 6-28-2024

Yi: + 94.51
Attempting to bottom out: BGS
Trying to bounce: BITW, D
Oversold: AVAV, GIS
Moderately oversold: APD, BBY
Trying to hold some rising trend line support: GLW
Attempting to hold the 28: IBM
Attempting to hold the 65: CAKE, VFC
Up against the 65: DJT, ETCG, $UST30Y
Up against the 28: AEM, GFI, RGLD
Up against some falling trend line resistance: F
Moderately overbought: B, TSL, TSLA, $USD
Toppy: T
ABEWISUF: DELL, $SILVER, WGMI, $XOI
Anything posted may be off base.

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