Saturday, December 9, 2023

RevL for Dec 11

SPX reached a new high for the year. Can it build on that in the remaining weeks?

Daily reversal levels as of the close on December 8, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4604.37
3
 4487.424.45 ▼
25
6.23%
UK - FTSE 100^FTSE7554.47
7
 7447.461.77 ▲
17
0.90%
Germany - DAX^DAX16759.22
3
 15909.3110.00 ▲
26
10.23%
Japan - Nikkei^N22532307.86
4
 33253.68-1.46 ▼
0
0.00%
Sell
Australia - AOI^AORD7405.60
0
 7241.974.70 ▲
25
3.21%
Brazil - BOVESPA^BVSP127093.57
5
 123343.823.83 ▼
24
7.56%
Gold (spot)$XAUUSD2003.39
7
 1987.443.29 ▼
16
1.14%
EURUSD$EURUSD1.0761
3
 1.0868-2.87 ▼
3
0.28%
Copper (HG)@HG3.8200
2
 3.73821.95 ▼
0
0.00%
wBuy
10 Year T-Note (ZN)@ZN109.97
1
 108.975.59 ▼
24
1.60%
Oil (CL)@CL71.23
5
 77.44-5.06 ▼
33
17.32%
BitcoinBTC_X44186.18
7
 38795.009.25 ▲
53
54.94%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL13.76
16
 12.318.43 ▲
17
11.42%
Apple IncAAPL195.71
4
 186.225.04 ▲
25
12.32%
Aegon NVAEG5.61
5
 5.308.42 ▼
28
15.67%
pP+
Adecoagro SAAGRO10.44
34
 11.654.07 ▼
0
0.00%
Sell
C3.ai IncAI28.27
1
 29.53-0.01 ▼
1
-8.23%
Amazon.com IncAMZN147.42
33
 142.461.28 ▼
28
11.05%
AramarkARMK27.16
5
 27.86-1.22 ▼
3
0.80%
AeroVironment IncAVAV124.79
13
 131.970.97 ▼
2
1.75%
Bank of AmericaBAC30.96
3
 29.625.17 ▼
25
9.94%
Beacon Roofing Supply IncBECN80.50
3
 77.722.77 ▼
25
10.33%
Coeur MiningCDE3.01
2
 2.726.33 ▼
15
19.92%
CIENA CorpCIEN44.35
2
 45.811.94 ▼
0
0.00%
Sell
Coinbase GlobalCOIN146.62
23
 110.9810.00 ▲
25
74.99%
Dollar Tree IncDLTR124.41
1
 119.538.30 ▼
25
8.18%
Devon EnergyDVN44.09
11
 45.27-2.90 ▼
30
6.55%
First Solar IncFSLR145.38
16
 156.18-1.06 ▼
2
-0.01%
Greenbrier CompaniesGBX39.34
6
 37.533.62 ▲
6
4.49%
Alphabet IncGOOGL134.99
4
 131.80-1.84 ▲
1
0.59%
Interactive Brokers GroupIBKR83.15
8
 79.090.45 ▲
0
0.00%
Buy
IMAX CorpIMAX16.31
8
 16.92-4.10 ▲▲
41
12.83%
dBuy
Meta PlatformsMETA332.75
46
 322.34-2.99 ▲
0
0.00%
Buy
NiSource IncNI26.30
10
 25.832.04 ▲
17
1.47%
Intellia TherapeuticsNTLA29.02
22
 28.701.43 ▼
14
1.58%
Ralph LaurenRL131.76
3
 123.606.99 ▼
24
14.06%
Rockwell AutomationROK278.53
12
 270.873.63 ▼
15
1.28%
Sanmina CorpSANM49.80
18
 50.300.00 ▼
22
-8.92%
Shopify IncSHOP72.52
5
 67.284.19 ▼
25
21.15%
Tesla Motors IncTSLA243.84
7
 229.171.70 ▼
17
1.90%
Uber TechnologiesUBER61.70
5
 52.839.09 ▲
25
31.50%
pP+
Marriott Vacations WorldwideVAC80.88
39
 77.40-1.98 ▲
0
0.00%
Buy



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, December 8, 2023

Charts Dec 8, 2023

Nice rebound day for SPX. But this hasn't improved indicators in a noticeable way (see charts). We have more new Sell than new Buy signals today, despite an 0.8% climb in the index. That means the rebound was more a result of flight to the perceived safety of larger stocks.
Overall picture is the same: stuck between 4540 and 4600 until we see a break away from this range. Since this narrow sideways is about 3 weeks I would expect a large 200+ point move once the next swing direction becomes clear. Be ready.

Market situation:

* 397 SPX stocks in bullish mode. Rebound from the previous day's loss, but fewer stocks in bullish mode. That's a bit of a red flag. possible bull-trap.
* BullsPower at 38, BearsPower at 14.
* 192 stocks with upward MoM. Down from the previous day.
* The dW at 4445 is a target if the 4540 level gives way.

* BMO stays in decline and is near the zero line. Crucial juncture.
* Blue Snake is going down.
* The Repellor is at 4482.

* SPX Rotator turns down
* The red component is still climbing. If it turns down too then quick continuation of the rally would be more questionable.
* Upward momentum of the Bands is still very strong.

* SwX is green - bullish.
* Daily MoM keeps coming down.
* First trendline support remains the green line, near 4500. Overhead resistance is obviously at 4600.

* Icebergs algo shows green mountain dropping back. That's a bit surprising. It may suddenly pick up steam again (see last May), but that remains to be seen.
* The late Nov highs with "gold on the mountain" have still not been exceeded significantly by recent price action.
* If there is a breakout above 4600 then that would most likely change the picture again. So we cannot make firm conclusions based on the current setup.
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RevL for Dec 8, 2023

Stocks continue their sideways of the recent weeks. Will get interesting when the market breaks away from this narrow range.

Daily reversal levels as of the close on December 7, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4585.59
2
 4481.804.59 ▼
24
5.80%
UK - FTSE 100^FTSE7513.72
6
 7440.121.37 ▲
16
0.36%
Germany - DAX^DAX16628.99
2
 15860.009.84 ▲
25
9.37%
pP+
Japan - Nikkei^N22532858.31
3
 32850.980.04 ▼
1
-0.93%
Australia - AOI^AORD7384.70
15
 7230.903.79 ▲
24
2.92%
Brazil - BOVESPA^BVSP126009.57
4
 123200.114.57 ▼
23
6.64%
Gold (spot)$XAUUSD2028.34
6
 1986.854.52 ▼
15
2.40%
EURUSD$EURUSD1.0792
2
 1.0874-1.79 ▼
2
-0.01%
Copper (HG)@HG3.7845
1
 3.79442.63 ▼
1
-1.84%
10 Year T-Note (ZN)@ZN110.84
0
 108.895.86 ▲
23
2.41%
pP
Oil (CL)@CL69.34
4
 77.88-4.49 ▼
32
19.51%
BitcoinBTC_X43285.02
6
 38419.498.92 ▲
52
51.78%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL13.91
15
 12.218.08 ▲
16
12.63%
Apple IncAAPL194.27
3
 185.804.35 ▲
24
11.50%
Aegon NVAEG5.58
4
 5.288.42 ▼
27
15.05%
pP+
Adecoagro SAAGRO12.00
33
 11.145.82 ▲
12
4.53%
C3.ai IncAI26.02
0
 29.621.02 ▼
0
0.00%
Sell
Amazon.com IncAMZN146.88
32
 142.221.38 ▼
27
10.64%
AramarkARMK27.17
4
 27.92-0.48 ▼
2
0.77%
AeroVironment IncAVAV123.93
12
 132.293.57 ▼
1
2.43%
Bank of AmericaBAC30.66
2
 29.515.42 ▼
24
8.88%
Beacon Roofing Supply IncBECN79.80
2
 77.603.87 ▼
24
9.38%
Coeur MiningCDE3.07
1
 2.707.39 ▼
14
22.31%
CIENA CorpCIEN46.31
1
 44.443.13 ▼
18
5.47%
Coinbase GlobalCOIN136.19
22
 109.5410.00 ▲
24
62.54%
Dollar Tree IncDLTR126.74
0
 118.978.57 ▼
24
10.21%
Devon EnergyDVN43.46
10
 45.41-2.64 ▼
29
7.88%
First Solar IncFSLR144.18
15
 156.570.08 ▼
1
0.82%
Greenbrier CompaniesGBX39.53
5
 37.353.30 ▲
5
4.99%
Alphabet IncGOOGL136.93
3
 131.61-2.60 ▲
0
0.00%
Buy
Interactive Brokers GroupIBKR80.81
7
 80.83-1.12 ▲
40
7.59%
IMAX CorpIMAX15.70
7
 16.95-4.47 ▼
40
16.09%
Meta PlatformsMETA326.59
45
 330.01-3.46 ▼
3
-2.39%
NiSource IncNI26.43
9
 25.792.03 ▲
16
1.97%
Intellia TherapeuticsNTLA29.78
21
 28.682.19 ▼
13
4.24%
Ralph LaurenRL131.17
2
 123.167.41 ▼
23
13.55%
Rockwell AutomationROK277.89
11
 270.333.72 ▼
14
1.05%
Sanmina CorpSANM49.29
17
 50.330.26 ▼
21
-7.81%
Shopify IncSHOP71.86
4
 67.005.17 ▼
24
20.05%
Tesla Motors IncTSLA242.64
6
 228.361.73 ▼
16
1.40%
Uber TechnologiesUBER60.98
4
 52.478.76 ▲
24
29.97%
pP+
Marriott Vacations WorldwideVAC77.66
38
 80.54-3.38 ▲
94
38.82%



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: , , , ,

Thursday, December 7, 2023

RevL for Dec 7, 2023

Once again SPX is found at 4550. Ongoing sideways.

Daily reversal levels as of the close on December 6, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4549.34
2
 4477.245.14 ▼
23
4.96%
UK - FTSE 100^FTSE7515.38
6
 7435.411.19 ▲
15
0.38%
Germany - DAX^DAX16656.44
2
 15808.219.67 ▲
24
9.55%
pP+
Japan - Nikkei^N22533445.90
3
 32853.840.90 ▼
0
0.00%
wBuy
Australia - AOI^AORD7386.70
15
 7218.513.02 ▲
23
2.95%
Brazil - BOVESPA^BVSP125622.65
4
 123049.705.78 ▼
22
6.32%
Gold (spot)$XAUUSD2024.90
6
 1984.005.40 ▼
14
2.22%
EURUSD$EURUSD1.0762
2
 1.0878-0.50 ▼
1
0.27%
Copper (HG)@HG3.7165
1
 3.79544.38 ▼
0
0.00%
Sell
10 Year T-Note (ZN)@ZN110.81
0
 108.755.54 ▲
22
2.38%
pP
Oil (CL)@CL69.38
4
 78.41-3.54 ▼
31
19.47%
BitcoinBTC_X43771.01
6
 38000.088.44 ▲
51
53.48%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL13.48
15
 12.126.64 ▲
15
9.15%
Apple IncAAPL192.32
3
 185.433.93 ▲
23
10.38%
Aegon NVAEG5.55
4
 5.258.53 ▼
26
14.43%
pP+
Adecoagro SAAGRO12.13
33
 11.035.22 ▲
11
5.66%
C3.ai IncAI29.16
0
 27.832.50 ▼
23
6.77%
Amazon.com IncAMZN144.52
32
 142.041.68 ▼
26
8.87%
AramarkARMK27.41
4
 27.970.35 ▼
1
-0.11%
AeroVironment IncAVAV126.89
12
 132.586.87 ▼
0
0.00%
Sell
Bank of AmericaBAC30.53
2
 29.405.97 ▼
23
8.42%
Beacon Roofing Supply IncBECN82.15
2
 77.505.04 ▼
23
12.60%
Coeur MiningCDE3.01
1
 2.678.14 ▼
13
19.92%
CIENA CorpCIEN45.76
1
 44.443.36 ▼
17
4.21%
Coinbase GlobalCOIN134.63
22
 108.3110.00 ▲
23
60.68%
Dollar Tree IncDLTR126.03
0
 118.368.59 ▲
23
9.59%
Devon EnergyDVN43.25
10
 45.61-2.02 ▼
28
8.33%
First Solar IncFSLR145.29
15
 157.941.54 ▼
0
0.00%
Sell
Greenbrier CompaniesGBX38.28
5
 37.233.03 ▲
4
1.67%
Alphabet IncGOOGL130.02
3
 134.62-3.04 ▼
4
1.40%
Interactive Brokers GroupIBKR80.09
7
 80.82-2.02 ▲
39
8.42%
IMAX CorpIMAX15.71
7
 17.00-4.39 ▲
39
16.03%
Meta PlatformsMETA317.45
45
 330.12-3.04 ▼
2
0.48%
NiSource IncNI26.41
9
 25.711.77 ▲
15
1.89%
Intellia TherapeuticsNTLA29.86
21
 28.632.98 ▼
12
4.52%
Ralph LaurenRL129.48
2
 122.797.88 ▼
22
12.08%
Rockwell AutomationROK278.11
11
 269.803.82 ▲
13
1.13%
Sanmina CorpSANM48.99
17
 50.460.75 ▼
20
-7.15%
Shopify IncSHOP71.14
4
 66.786.54 ▼
23
18.84%
Tesla Motors IncTSLA239.37
6
 227.681.96 ▼
15
0.03%
Uber TechnologiesUBER59.75
4
 52.128.52 ▲
23
27.34%
pP+
Marriott Vacations WorldwideVAC74.22
38
 80.83-4.00 ▲
93
41.53%



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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