Signals: MU 7-11-2024

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.

Wednesday, July 10, 2024

MU 7-11-2024

Yi: + 99.5
Attempting to bottom out: GIS, GT
Trying to bounce: MED
Moderately oversold: CMG, LMT, $XOI
Trying to hold some rising trend line support: MSFT
Attempting to hold the 28: BA, BITQ
Attempting to hold the 65: $GASO, MARA, MMC, ORCL, $PLAT, WGMI
Up against the 65: BITW, NOBL, WBD
Up against the 28: USB, $USD
Up against rising trend line resistance: C
Moderately overbought: BIDU
Toppy: CNK, TSL, TSLA
Going parabolic: IVW, QQQ
ABEWISUF: COPX, $SILVER, SIVR, $UST30Y
Anything posted may be off base.

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