Signals: MU 8-2-2024

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, August 1, 2024

MU 8-2-2024

Yi: + 88.0
Oversold: GT
Moderately oversold: RGR
Attempting to hold the 28: BITO, $BTCUSD
Up against the 65: AAPL
Up against the 28: PG
Moderately overbought: AEM, APD, MED, USB
Overbought: AFL, CNK
Toppy: FL, SEE, VFC
ABEWISUF: GE, MMM, TAP
Anything posted may be off base.

Thursday, August 1, 2024

MU 8-2-2024

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