Signals: Mu 8-8-2026

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.

Friday, August 7, 2026

Mu 8-8-2026

Yi: +156.75
Attempting to bottom out: CC
Oversold: APP
Attempting to hold the 17: FTNT, PNC, USB, WFC
Up against the 17: KLAC, TMUS, WELL
Up against falling trend line resistance: UBER
Moderately overbought: DIS
Overbought: ABNB, PH
Toppy: APH, BAC, BNY, BRK/B, COF, EQIX, MSFT, RTX, SCHW
ABEWISUF: ABT, ADP, BMY, DE, PM, SYK
Anything posted may be off base.

Friday, August 7, 2026

Mu 8-8-2026

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