Signals: MU 6-8-2024

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 7, 2024

MU 6-8-2024

Yi: + 90.22
Moderately oversold: AIG, ETCG
Trying to hold some rising trend line support: RGR
Attempting to hold the 65: VGK
Up against some falling trend line resistance: IBM
Moderately overbought: AMZN, PG
Overbought: WGMI
Toppy: BITQ, GBTC, GLW, PM, T
ABEWISUF: F, GE, M, OMC, WBD
Anything posted may be off base.

Friday, June 7, 2024

MU 6-8-2024

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