Signals: MU 10-25-2024

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.

Thursday, October 24, 2024

MU 10-25-2024

Yi: + 99.07
Attempting to bottom out: BGS
Moderately oversold: HBI, IBM, VGK, WBD
Trying to hold rising trend line support: MMM, STX
Attempting to hold some falling trend line support: CSX
Attempting to hold the 28: BEN, ETCG, ETHE, GOLD, M
Attempting to hold the 65: CLF, CMG, XLK
Up against the 65: CAR
Up against some falling trend line resistance: TSL, TSLA
Moderately overbought: WHR, X
Toppy: AEM, GM, $UST30Y, UUP
ABEWISUF: GLW, PG
Anything posted may be off base.

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