Signals: MU 7-13-2024

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, July 12, 2024

MU 7-13-2024

Yi: + 98.8
Attempting to bottom out: UNG
Trying to bounce: CAT
Moderately oversold: UUP
Attempting to hold the 28: DELL
Attempting to hold the 65: AMZN
Up against the 65: APD, BGS, CBRL, ETCG, GIS, KHC
Up against the 28: FL, GPC
Up against some rising trend line resistance: : KMI
Up against some falling trend line resistance: FL, $HGX, LIN
Moderately overbought: D, FLR, $GOLD, MMC, MMM, $NYA50R, PM, SDY, VGK
Overbought: WHR
Toppy: AFL, BAC, STX
ABEWISUF: CNK, PG
Anything posted may be off base.

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