Signals: MU 10-24-2024

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, October 23, 2024

MU 10-24-2024

Yi: + 98.74
Oversold: GPC
Moderately oversold: BGS, GE, $HGX, LMT, MMM, NTAP, OMC, RGR, STX, VYX, WHR, WY
Trying to hold some rising trend line support: AAPL, IBM
Trying to hold some falling trend line support: COPX
Attempting to hold the 28: AAPL, CAT, $NDX, QLD, QQQ, $SPX, TAP
Attempting to hold the 65: ANF, IVW, LIN, MET, SCHB, SCHX, $SPX
Up against the 28: $CRB, QID, SETH, SPXU
Up against some falling trend line resistance: SPXU
Moderately overbought: GM, PM, USB
Toppy: AU, BITQ, GDX, JNUG, RGLD, SIL, WGMI, $XAU, YYY
ABEWISUF: GOOG
Anything posted may be off base.

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