Signals: MU 10-22-2024

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.

Monday, October 21, 2024

MU 10-22-2024

Yi: + 100.46
Oversold: UNG
Moderately oversold: $GASO, VFC
Trying to hold rising trend line support: MMC, MMM, QCOM, STX
Attempting to hold the 28: GOOG, HBI, META, YYY
Attempting to hold the 65: AFL, STX
Up against some rising trend line resistance: AVAV, $XAU
Up against some falling trend line resistance: $PLAT
Moderately overbought: AEM, AU, BEN, CBRL, GOLD, PPLT, RIOT, $SILVER, SIVR
Overbought: GFI, SIL
Toppy: BITW, CAKE, CLF, FLR, NOBL, RGLD
ABEWISUF: AMZN, INTC, IVW, KMI, $NDX, QLD, QQQ, XLK, $XOI
Anything posted may be off base.

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