Signals: MU 7-5-2024

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 3, 2024

MU 7-5-2024

Yi: + 96.32
Attempting to bottom out: SEE, UNG, $USD
Trying to bounce: APD
Moderately oversold: IBM, M
Attempting to hold the 65: UUP
Up against the 65: TUP
Up against the 28: AIG, SIL, VGK
Anything posted may be off base.

Wednesday, July 3, 2024

MU 7-5-2024

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