Signals: MU 9-26-2024

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.

Wednesday, September 25, 2024

MU 9-26-2024

Yi: + 95.65
Attempting to bottom out: SETH
Oversold: $UST3M
Moderately oversold: FL, GM
Trying to hold some rising trend line support: GM
Overbought: APD, CAT
Moderately overbought: BIDU, COPX, WGMI
Attempting to hold the 28: AAPL, D
Attempting to hold the 65: C
Up against the 65: $USD
Up against some falling trend line resistance: BIDU
Toppy: CAT, GLW, $GOLD, KMI, LIN, NOBL, SCHB, SDY, $XAU, YYY
ABEWISUF: $BTCUSD, BITO, QCOM
Anything posted may be off base.

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