Signals: MU 9-4-2024

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 3, 2024

MU 9-4-2024

Yi: + 90.23
Trying to hold some falling trend line support: CAR, CLF
Attempting to hold the 28: AAPL, APD, CMG, $HGX, $NYA50R, VYX
Attempting to hold the 65: AEM, B, CNK, $SPX
Moderately overbought: BAC, USB
Overbought: IBM
Toppy: AFL, $GOLD, MMM
ABEWISUF: HBI
Anything posted may be off base.

Tuesday, September 3, 2024

MU 9-4-2024

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