Signals: MU 9-18-2024

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.

Tuesday, September 17, 2024

MU 9-18-2024

Yi: + 92.78
Attempting to bottom out: BITW
Moderately oversold: AVAV
Trying to hold some rising trend line support: BITI
Attempting to hold the 65: TSM
Up against the 65: AIG, CAKE, COPX, FLR, GM, GOOG
Up against the 28: M
Up against some rising trend line resistance: D, XLK
Up against some falling trend line resistance: GBTC
Moderately overbought: APD, CPB, CSCO, LIN, MET, $NYA50R, WBD
Overbought: ORCL
Toppy: IBM, MMM, SIL, T
ABEWISUF: TSL
Anything posted may be off base.

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