Saturday, November 11, 2023

RevL for Nov 13

SPX stays in bullish mode and is back above 4400. MoM is still rising so this move may not be over.
Sell signals for Gold and Copper, with Oil already double red. Commodities are taking it on the chin.

Daily reversal levels as of the close on November 10, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4415.24
7
 4287.006.79 ▲
6
1.87%
UK - FTSE 100^FTSE7360.55
3
 7468.94-0.27 ▲
16
1.85%
Germany - DAX^DAX15234.39
12
 15042.414.19 ▲
6
0.20%
Japan - Nikkei^N22532568.11
0
 31657.186.04 ▲
5
0.36%
Australia - AOI^AORD7176.60
12
 7116.984.19 ▲
5
0.02%
Brazil - BOVESPA^BVSP120568.14
1
 115913.077.17 ▲
5
2.04%
Gold (spot)$XAUUSD1936.79
3
 1966.16-0.48 ▼
0
0.00%
Sell
EURUSD$EURUSD1.0681
11
 1.06043.37 ▼
5
-0.43%
Copper (HG)@HG3.5835
28
 3.65712.13 ▼
0
0.00%
Sell
10 Year T-Note (ZN)@ZN107.42
24
 107.034.07 ▼
5
-0.75%
Oil (CL)@CL77.17
1
 83.01-6.00 ▼
14
10.42%
BitcoinBTC_X37321.51
3
 33158.856.15 ▲
25
30.87%
pP+

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL11.80
12
 12.112.19 ▲
78
28.70%
Apple IncAAPL186.40
0
 175.297.26 ▲
6
6.98%
Aegon NVAEG5.02
1
 4.866.71 ▼
9
3.51%
Adecoagro SAAGRO10.28
30
 10.94-2.19 ▼
2
1.25%
C3.ai IncAI26.72
9
 25.412.77 ▼
6
-2.16%
Amazon.com IncAMZN143.56
29
 133.708.38 ▼
9
8.14%
pP
AramarkARMK28.52
1
 26.796.31 ▼
23
10.97%
AeroVironment IncAVAV121.59
9
 115.294.07 ▲
20
8.71%
Bank of AmericaBAC27.68
11
 26.875.95 ▼
6
-1.70%
Beacon Roofing Supply IncBECN75.89
4
 71.773.07 ▲
6
4.02%
Coeur MiningCDE2.11
26
 2.50-3.43 ▼
3
8.26%
CIENA CorpCIEN44.13
4
 42.902.53 ▲
0
0.00%
Buy
Coinbase GlobalCOIN92.92
19
 80.907.25 ▲
6
10.90%
Dollar Tree IncDLTR114.08
12
 111.504.30 ▼
6
-0.80%
Devon EnergyDVN45.62
7
 47.08-4.25 ▼
11
3.31%
First Solar IncFSLR133.92
12
 150.41-3.32 ▼
47
25.39%
Greenbrier CompaniesGBX36.34
2
 37.46-2.03 ▲
12
-8.64%
Alphabet IncGOOGL132.59
0
 132.680.21 ▲
12
-7.56%
Interactive Brokers GroupIBKR82.37
4
 83.26-0.44 ▲
22
5.81%
IMAX CorpIMAX17.55
4
 18.43-1.57 ▼
22
6.20%
Meta PlatformsMETA328.77
42
 308.213.88 ▲
5
4.05%
NiSource IncNI25.00
6
 25.55-1.29 ▼
3
-0.24%
Intellia TherapeuticsNTLA24.13
18
 28.720.48 ▼
1
3.71%
Ralph LaurenRL115.62
12
 112.831.36 ▲
5
0.09%
Rockwell AutomationROK258.43
8
 272.09-4.71 ▲
17
6.59%
Sanmina CorpSANM47.72
14
 51.37-5.70 ▼
3
-4.37%
Shopify IncSHOP61.34
1
 54.259.12 ▲
6
2.47%
Tesla Motors IncTSLA214.65
3
 226.19-0.49 ▲
17
5.00%
Uber TechnologiesUBER51.58
1
 45.399.03 ▲
6
9.93%
Marriott Vacations WorldwideVAC76.45
35
 87.58-8.39 ▼
76
39.77%
spBuy++



Tips for using the tables
Hover or tap on an item in the "Action" column to see strategic advice for the stock.
Hover or tap in the "Days" column to see the start date and price for current position.
Hover or tap in the weekly trend ("Tr") column to see the weekly reversal level.
Note: This is a live demo portfolio to show how reversal levels work for different types of stocks. Some big names, some random mid caps and small caps, a mix of different sectors. So it is not a recommendation to invest in any of those companies.
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Friday, November 10, 2023

Charts Nov 10, 2023

SPX had the pullback day that was becoming inevitable. It could fall further, but could also bounce right back today. It’s impossible to tell. SPX is still well above its RevL with MoM going up. And the current move is only 5 days old.

Market situation:

* 281 SPX stocks in bullish mode = another downtick. A fall-back below 50% would not be a good omen.
* BullsPower at 9, BearsPower at 29. BearsPower is far from counted out at this point.
* 310 stocks with upward MoM (green dashed line). Down again and may drop below 50%.
* Market stays in the neutral semi-envelope. Watching the dW at 4307 for support.

* BMO climbs is about to top out at a high +3.8. The strong upward thrust stage appears to be over and now we get a pullback. How much of a pullback?
* ELC and BUD stay bullish.
* Closed back below the Repellor (4355), but not by much. Snake is catching up on prices and that means another push higher could suddenly come out of nowhere.

* SPX Rotator keeps rising, but the green component is slowing down a bit.
* Market fell back within the Bands. Textbook price action after a strong surge.

* SwX is green - bullish.
* Daily MoM is climbing and above + 6 already.
* The 4400 hurdle appears to have stopped the advance. We now have to see how much of a pullback this brings.
* When a move to new record highs has started, then any pullback early in that move can be surprisingly brief, as brief as one or two days, and then buyers step in... It’s too early to conclude already that’s what we have here, but better be ready for such a scenario.
* On a solid move above 4400 the road to new all time highs would be wide open.
* If on the other hand the recent October low gets taken out then the picture would become very ugly. This is what I call the “market decision tree” and this is something to have in the back of your mind in situations like this one.

* Icebergs algo shows ice, and a possible iceberg in the making. We have to wait and see.
* This algo is usually not the fastest, but it gives a kind of market image that other chart types do not give. More visual people tend to like it, others may consider it garbage. Both are OK.
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RevL for Nov 10

Today's reversal levels for major indexes and stocks in our public demo portfolio.

SPX is finally pulling back after its recent surge.
Bitcoin resumes its rally with MoM turning back up.

Daily reversal levels as of the close on November 9, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4347.35
6
 4280.496.06 ▲
5
0.30%
UK - FTSE 100^FTSE7455.67
2
 7470.59-0.51 ▲
15
0.58%
Germany - DAX^DAX15352.54
11
 15028.483.55 ▲
5
0.98%
Japan - Nikkei^N22532646.46
1
 31582.955.22 ▲
4
0.60%
Australia - AOI^AORD7215.10
11
 7111.333.42 ▲
4
0.56%
Brazil - BOVESPA^BVSP119034.14
0
 115484.886.29 ▲
4
0.74%
Gold (spot)$XAUUSD1958.19
2
 1943.500.97 ▼
19
1.53%
EURUSD$EURUSD1.0666
10
 1.05983.54 ▲
4
-0.57%
Copper (HG)@HG3.6350
27
 3.61823.64 ▼
9
-0.01%
10 Year T-Note (ZN)@ZN107.53
23
 107.014.48 ▲
4
-0.65%
Oil (CL)@CL75.74
0
 83.64-5.69 ▼
13
12.08%
BitcoinBTC_X36704.14
2
 32916.495.91 ▲
24
28.70%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL11.75
11
 12.121.93 ▲
77
29.00%
Apple IncAAPL182.41
5
 174.555.81 ▲
5
4.69%
Aegon NVAEG4.94
0
 4.857.29 ▼
8
1.86%
Adecoagro SAAGRO10.37
29
 11.00-1.14 ▼
1
0.38%
C3.ai IncAI26.06
8
 25.393.14 ▼
5
-4.58%
Amazon.com IncAMZN140.60
28
 132.948.39 ▲
8
5.91%
AramarkARMK27.85
0
 26.696.46 ▼
22
8.37%
AeroVironment IncAVAV120.38
8
 114.844.02 ▲
19
7.63%
Bank of AmericaBAC27.53
10
 26.826.44 ▲
5
-2.24%
Beacon Roofing Supply IncBECN73.07
3
 71.672.53 ▲
5
0.15%
Coeur MiningCDE2.19
25
 2.53-2.39 ▼
2
4.78%
CIENA CorpCIEN43.26
3
 44.072.14 ▲
32
6.18%
Coinbase GlobalCOIN92.86
18
 79.386.76 ▲
5
10.82%
Dollar Tree IncDLTR113.61
11
 111.434.81 ▼
5
-1.21%
Devon EnergyDVN44.14
6
 47.22-3.92 ▼
10
6.44%
First Solar IncFSLR132.53
11
 152.13-2.55 ▼
46
26.16%
Greenbrier CompaniesGBX35.78
1
 37.57-2.62 ▲
11
-6.97%
Alphabet IncGOOGL130.24
1
 132.67-1.02 ▲
11
-5.65%
Interactive Brokers GroupIBKR82.02
3
 83.32-1.46 ▲
21
6.21%
IMAX CorpIMAX17.76
3
 18.51-1.00 ▼
21
5.08%
Meta PlatformsMETA320.55
41
 307.162.92 ▲
4
1.45%
NiSource IncNI24.82
5
 25.61-0.86 ▼
2
0.48%
Intellia TherapeuticsNTLA24.96
17
 29.061.76 ▲
0
0.00%
Sell
Ralph LaurenRL116.59
11
 112.670.79 ▲
4
0.93%
Rockwell AutomationROK257.11
7
 273.32-4.96 ▲
16
7.07%
Sanmina CorpSANM46.69
13
 51.76-4.54 ▼
2
-2.12%
Shopify IncSHOP60.37
0
 53.709.09 ▲
5
0.85%
Tesla Motors IncTSLA209.98
2
 227.14-0.71 ▲
16
7.07%
Uber TechnologiesUBER50.05
0
 44.948.59 ▲
5
6.67%
Marriott Vacations WorldwideVAC76.50
34
 88.75-8.22 ▼
75
39.73%
spBuy++



Tips for using the tables
Hover or tap on an item in the "Action" column to see strategic advice for the stock.
Hover or tap in the "Days" column to see the start date and price for current position.
Hover or tap in the weekly trend ("Tr") column to see the weekly reversal level.
Note: This is a live demo portfolio to show how reversal levels work for different types of stocks. Some big names, some random mid caps and small caps, a mix of different sectors. So it is not a recommendation to invest in any of those companies.
at No comments:
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Thursday, November 9, 2023

RevL for Nov 9

Today's reversal levels for major indexes and stocks in our public demo portfolio.

A bit of downside action in the SPX, but still closed near unchanged. The market stays in bullish mode with MoM going up.
Oil keeps dropping fast and may be headed for an important low and possible spBuy signal soon.
Gold is just above its RevL and at risk of giving a Sell signal.

Daily reversal levels as of the close on November 8, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4382.78
6
 4273.655.02 ▲
4
1.12%
UK - FTSE 100^FTSE7401.72
2
 7471.27-1.21 ▲
14
1.30%
Germany - DAX^DAX15229.60
11
 15008.512.39 ▲
4
0.17%
Japan - Nikkei^N22532166.48
1
 31510.753.87 ▲
3
-0.88%
Australia - AOI^AORD7198.40
11
 7100.861.88 ▲
3
0.32%
Brazil - BOVESPA^BVSP119176.67
0
 115080.725.13 ▲
3
0.86%
Gold (spot)$XAUUSD1949.79
2
 1943.492.37 ▼
18
1.10%
EURUSD$EURUSD1.0707
10
 1.05923.39 ▲
3
-0.19%
Copper (HG)@HG3.6280
27
 3.61914.51 ▼
8
-0.21%
10 Year T-Note (ZN)@ZN108.33
23
 106.974.22 ▲
3
0.09%
Oil (CL)@CL75.33
0
 84.42-5.08 ▼
12
12.56%
BitcoinBTC_X35638.33
2
 32713.715.68 ▼
23
24.97%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL12.01
11
 12.111.12 ▲
76
27.43%
Apple IncAAPL182.89
5
 173.794.32 ▲
4
4.96%
Aegon NVAEG4.97
0
 4.847.54 ▲
7
2.47%
Adecoagro SAAGRO10.44
29
 11.05-0.33 ▼
0
0.00%
Sell
C3.ai IncAI27.00
8
 25.323.21 ▲
4
-1.14%
Amazon.com IncAMZN142.08
28
 132.118.30 ▲
7
7.03%
AramarkARMK27.91
0
 26.596.73 ▲
21
8.60%
AeroVironment IncAVAV123.46
8
 114.513.83 ▲
18
10.38%
Bank of AmericaBAC27.89
10
 26.746.33 ▲
4
-0.96%
Beacon Roofing Supply IncBECN74.29
3
 71.592.23 ▲
4
1.82%
Coeur MiningCDE2.30
25
 2.55-1.33 ▼
1
0.00%
CIENA CorpCIEN43.16
3
 44.071.74 ▲
31
6.40%
Coinbase GlobalCOIN88.32
18
 78.165.44 ▲
4
5.41%
Dollar Tree IncDLTR114.77
11
 111.334.92 ▲
4
-0.20%
Devon EnergyDVN44.18
6
 47.48-3.13 ▼
9
6.36%
First Solar IncFSLR137.83
11
 153.41-1.88 ▼
45
23.21%
Greenbrier CompaniesGBX35.71
1
 37.72-3.31 ▲
10
-6.76%
Alphabet IncGOOGL131.84
1
 132.68-2.42 ▲
10
-6.95%
Interactive Brokers GroupIBKR80.31
3
 83.39-2.51 ▲
20
8.16%
IMAX CorpIMAX17.63
3
 18.56-0.54 ▼
20
5.77%
Meta PlatformsMETA319.78
41
 306.082.04 ▲
3
1.20%
NiSource IncNI24.98
5
 25.64-0.38 ▼
1
-0.16%
Intellia TherapeuticsNTLA28.45
17
 27.501.65 ▲
1
-3.53%
Ralph LaurenRL116.47
11
 112.17-0.20 ▲
3
0.82%
Rockwell AutomationROK257.12
7
 274.65-5.18 ▲
15
7.07%
Sanmina CorpSANM47.13
13
 52.19-3.02 ▼
1
-3.08%
Shopify IncSHOP62.74
0
 53.058.67 ▲
4
4.81%
Tesla Motors IncTSLA222.11
2
 227.60-1.30 ▲
15
1.70%
Uber TechnologiesUBER49.50
0
 44.528.08 ▲
4
5.50%
Marriott Vacations WorldwideVAC79.25
34
 89.79-8.04 ▼
74
37.56%



Tips for using the tables
Hover or tap on an item in the "Action" column to see strategic advice for the stock.
Hover or tap in the "Days" column to see the start date and price for current position.
Hover or tap in the weekly trend ("Tr") column to see the weekly reversal level.
Note: This is a live demo portfolio to show how reversal levels work for different types of stocks. Some big names, some random mid caps and small caps, a mix of different sectors. So it is not a recommendation to invest in any of those companies.
at No comments:
Labels: , , , ,
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