Wednesday, March 9, 2016

RL for Mar 9

The daily reversal levels for major indexes and some popular stocks:
* Partial profits signal for S&P 500 and FTSE 100. MoM has turned down.
* Buy signal for Wheat.
* Sell signal for AMBA and BIIB.
* Partial profits signal for DDD, a 39% gain in 23 days.
* Partial profits signal for GDX, a 40% gain in 29 days.
* Partial profits signal for ROK, a 7% gain in 22 days.

The daily reversal levels for more than 2500 stocks and etf are a available by monthly subscription.
Comes with full instructions and strategies for using the reversal levels and the MoM indicator. Give it a try.


  1. Hi,
    just one more thing. Is one supposed to have a stop at about the reversal level or for a reversal to be confirmed the asset has to close above/below the reversal levels and, thereby, one takes a position when the system says buy/sell which is at closing price of the last session? Thanks.

    1. Hi,

      The normal approach is to sell on the next day open if the stock has closed below its reversal level on the previous day (which triggers a sell signal).
      Same with buy signals, you buy on the next day open.
      Of course, if you are watching the market and know that the stock is already above its reversal level and likely to give a buy signal for the next day, then you can already buy it with a "market on close" order (MOC). That's up to you.
      So, we don't put a stop-loss order in the market, we wait for actual sell signal and then sell on the next day.

  2. just to be clear, CL (WTI Oil) crosses below its reversal level of 32.78 in the morning, is that a sell? Or do we wait until CL closes the session below 32.78 and 1 minute before the close we close the CL long and go short (at the close oil is trading at 32.00)?
    Plus the system profit/loss is generated from the signal at the close, which is 32?

    1. Hi,

      For the purpose of generating the tables we use the next day Open for the P/L% calculation.
      So, with Buy signal for Wheat today we would have bought at the Open today, and the calculation will be started from today's official Open price, no matter how good or bad that Open price may be. This means you can always verify the P/L% we publish in the tables.
      For example we had a buy signal for CHK 4 trading days ago. You can look up the Open price on that day and calculate the current P/L based on latest closing price and you should find a 27.6% gain as reported in the table. Once in a while different data sources may have small differences in reported prices, but normally you should find the same or very similar P/L.
      We make everything transparent, so that users can verify.