Signals: MU 2-7-2025

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, February 6, 2025

MU 2-7-2025

Yi: + 112.22
Attempting to bottom out: CPB, KHC
Trying to hold some rising trend line support: BIDU
Attempting to hold the 28: CBRL
Attempting to hold the 65: APD, MAIN
Up against the 28: HSY
Up against some falling trend line resistance: QQQ
Moderately overbought: CSCO, GOLD, MMC, PPLT,. SIL
Overbought: PM
Anything posted may be off base.

Thursday, February 6, 2025

MU 2-7-2025

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