Signals: MU 7-20-2024

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 19, 2024

MU 7-20-2024

Yi: + 95.05
Trying to bounce: ANF, UNG, $USD
Oversold: CMG
Moderately oversold: AMZN, BIDU, COPX, GOOG, IVW, $NDX, NTAP
Trying to hold rising trend line support: ETHE, MSFT, SCHB
Trying to hold some falling trend line support: COPX
Attempting to hold the 28: ORCL, SCHX, $SPX, YYY
Attempting to hold the 65: AAPL, GPC, WGMI
Up against some falling trend line resistance: SPXU
Moderately overbought: WBD
Overbought: KMI
Toppy: AFL, LMT, MKC, SDY
Anything posted may be off base.

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