Signals: MU 7-26-2024

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, July 25, 2024

MU 7-26-2024

Yi: 91.55
Attempting to bottom out: $GASO, TSM
Oversold: QLD, XLK
Moderately oversold: AAPL, CAKE, DJT, GM, INTC, IVW, SCHB, SCHX, $SPX, TSL, YYY
Trying to hold some rising trend line support: B, BITO, M
Trying to hold some falling trend line support: ETCG
Attempting to hold the 28: AU, BBY, CSX, GDX, TSLA, WHR, $XAU
Attempting to hold the 65: BAC, CBRL, GFI, GLW, MARA, RGLD
Up against the 65: $USD
Up against the 28: AVAV, MED
Up against some falling trend line resistance: GIS, MKC, SEE
Up against some rising trend line resistance: PFE
Moderately overbought: BMY
Overbought: LMT, PM
ABEWISUF: MAIN, UUP
Anything posted may be off base.

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