Saturday, January 13, 2024

RevL for Jan 15, 2024

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

Daily reversal levels as of the close on January 12, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4783.83
8
 4668.043.37 ▲
48
10.37%
UK - FTSE 100^FTSE7624.93
3
 7676.06-0.65 ▼
1
-0.64%
Germany - DAX^DAX16704.56
8
 16461.250.23 ▲
48
9.87%
Add
Japan - Nikkei^N22535577.11
9
 33327.778.06 ▲
14
6.30%
Australia - AOI^AORD7730.50
5
 7617.871.30 ▼
47
7.74%
Brazil - BOVESPA^BVSP130987.67
10
 129121.890.06 ▼
46
10.86%
Gold (spot)$XAUUSD2048.72
12
 2050.12-1.22 ▲
2
-1.24%
EURUSD$EURUSD1.0949
8
 1.0915-0.91 ▲
21
0.71%
Copper (HG)@HG3.7400
7
 3.8401-5.59 ▼
5
1.50%
10 Year T-Note (ZN)@ZN112.59
6
 111.45-0.42 ▲
47
4.03%
Add
Oil (CL)@CL72.68
10
 74.41-0.62 ▲
10
-0.96%
BitcoinBTC_X42776.42
12
 45583.103.10 ▼
0
0.00%
Sell

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL13.21
4
 13.962.02 ▼
0
0.00%
Sell
Apple IncAAPL185.92
9
 189.66-6.26 ▲
8
-0.92%
Aegon NVAEG5.78
10
 5.601.81 ▲
51
19.18%
Adecoagro SAAGRO10.65
39
 11.12-2.17 ▲
23
-2.31%
C3.ai IncAI26.21
0
 29.05-2.10 ▼
9
8.23%
Amazon.com IncAMZN154.62
38
 148.821.30 ▲
3
1.68%
AramarkARMK28.76
10
 27.964.56 ▲
17
3.08%
AeroVironment IncAVAV126.80
18
 122.68-2.52 ▲
0
0.00%
Buy
Bank of AmericaBAC32.80
8
 32.620.74 ▼
48
16.48%
Beacon Roofing Supply IncBECN83.89
8
 83.21-0.41 ▼
48
14.98%
Coeur MiningCDE2.88
7
 3.09-6.72 ▲
7
1.03%
CIENA CorpCIEN49.72
7
 45.318.18 ▲
10
10.86%
Coinbase GlobalCOIN130.78
28
 152.93-3.34 ▼
1
4.67%
Dollar Tree IncDLTR135.76
6
 133.290.52 ▼
48
18.05%
Devon EnergyDVN42.77
16
 45.72-3.46 ▼
3
4.47%
First Solar IncFSLR160.44
3
 167.60-1.54 ▼
2
1.26%
Greenbrier CompaniesGBX46.60
4
 43.287.02 ▼
29
23.77%
Alphabet IncGOOGL142.65
9
 137.452.75 ▲
4
3.00%
Interactive Brokers GroupIBKR88.36
1
 84.776.18 ▼
16
7.18%
IMAX CorpIMAX14.53
13
 15.56-3.91 ▼
64
22.34%
Meta PlatformsMETA374.49
51
 346.156.08 ▲
23
13.69%
NiSource IncNI26.74
1
 26.472.61 ▼
10
1.25%
Intellia TherapeuticsNTLA27.67
27
 30.59-2.56 ▼
7
5.72%
Ralph LaurenRL138.02
8
 137.700.07 ▼
47
19.48%
Rockwell AutomationROK304.59
4
 297.000.25 ▼
38
10.76%
Sanmina CorpSANM50.86
23
 51.27-2.59 ▲
8
-1.44%
Shopify IncSHOP81.40
10
 74.754.09 ▲
4
5.37%
Tesla Motors IncTSLA218.89
0
 244.20-5.33 ▼
7
8.51%
spBuy+
Uber TechnologiesUBER63.20
10
 58.411.77 ▲
3
4.84%
Marriott Vacations WorldwideVAC83.99
44
 87.050.34 ▼
0
0.00%
Sell



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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Friday, January 12, 2024

Charts for Jan 12, 2024

SPX made another attempt to climb above 4800 and was rejected. Several of our slower indicators have now peaked out and that means it is becoming harder to keep this rally going without going through a more serious pullback or pause first. The longer it takes to get above 4800, the more traders will start taking note and do some selling, if not reverse their positions.
The topic of trading around new all time highs is very interesting and here you can find an article I wrote in 2017 on that topic: https://lunatictrader.com/2017/10/25/about-buying-new-all-time-highs/

Market charts:

* 356 SPX stocks in bullish mode. Serious downtick on an unchanged day. This is the lowest bullish% since mid-November.
* Fewer stocks are keeping the index up. That's a concern.
* BullsPower at 40, BearsPower at 5. BearsPower is gradually creeping up.
* The number of stocks with upward MoM (dashed green line) stays below 50%. It hasn't been above 50% since mid-December. * The daily Watershed (dW) is at 4681.

* BMO goes up. Will it climb back above the zero line?
* ELC keeps going down.
* Repellor is at 4663.

* SPX Rotator keeps declining.
* The green component is flattening out at a relatively low level. It's quite possible that both the red and the green line will converge towards the zero line.
* The Bands are flattening out.

* SwX is yellow - neutral.
* Daily MoM goes up, but will it gain any traction?
* The middle blue line continues to get more touches. But getting back above it appears not very likely. So, I think the base scenario is more consolidation, which could go on for several months.
* 4800 becomes a tougher hurdle to take with each failed attempt now. And on the downside it's probably 4600 that would offer support if stocks start a downswing here.
at No comments:
Labels:

RevL for Jan 12, 2024

Continued hesitation just below all time highs. SPX stays "double green".

Daily reversal levels as of the close on January 11, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4780.24
7
 4661.132.74 ▲
47
10.29%
UK - FTSE 100^FTSE7576.59
2
 7677.610.38 ▼
0
0.00%
Sell
Germany - DAX^DAX16547.03
7
 16454.820.22 ▼
47
8.83%
Japan - Nikkei^N22535049.86
8
 33172.635.60 ▲
13
4.73%
Australia - AOI^AORD7736.80
4
 7612.901.95 ▼
46
7.83%
Brazil - BOVESPA^BVSP130648.75
9
 129018.570.87 ▼
45
10.57%
Gold (spot)$XAUUSD2028.09
11
 2048.73-1.23 ▼
1
-0.22%
EURUSD$EURUSD1.0970
7
 1.0913-0.97 ▼
20
0.90%
Copper (HG)@HG3.7765
6
 3.8452-4.99 ▼
4
0.54%
10 Year T-Note (ZN)@ZN112.34
5
 111.39-0.73 ▼
46
3.80%
Oil (CL)@CL72.02
9
 74.31-0.85 ▲▲
9
-0.04%
dBuy
BitcoinBTC_X46353.15
11
 43105.843.95 ▲
87
62.54%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL14.59
3
 13.522.32 ▲
3
0.55%
Apple IncAAPL185.59
8
 189.88-7.47 ▲
7
-0.74%
Aegon NVAEG5.70
9
 5.591.63 ▼
50
17.53%
Adecoagro SAAGRO10.85
38
 11.13-2.25 ▲
22
-4.23%
C3.ai IncAI27.36
5
 29.26-1.92 ▲
8
4.20%
Amazon.com IncAMZN155.18
37
 148.35-0.15 ▲
2
2.05%
AramarkARMK28.88
9
 27.874.13 ▲
16
3.51%
AeroVironment IncAVAV124.82
17
 125.84-3.77 ▲
24
1.72%
Bank of AmericaBAC33.15
7
 32.682.21 ▼
47
17.72%
Beacon Roofing Supply IncBECN84.19
7
 83.250.55 ▼
47
15.39%
Coeur MiningCDE2.66
6
 3.09-7.03 ▼
6
8.59%
spBuy
CIENA CorpCIEN48.38
6
 45.037.23 ▲
9
7.87%
Coinbase GlobalCOIN141.16
27
 153.99-2.17 ▼
0
0.00%
Sell
Dollar Tree IncDLTR135.22
5
 133.221.46 ▼
47
17.58%
Devon EnergyDVN43.59
15
 45.83-2.00 ▼
2
2.64%
First Solar IncFSLR160.29
2
 168.12-0.83 ▼
1
1.35%
Greenbrier CompaniesGBX46.31
3
 43.097.47 ▼
28
23.00%
Alphabet IncGOOGL142.08
8
 136.952.10 ▲
3
2.58%
Interactive Brokers GroupIBKR87.84
0
 84.406.43 ▼
15
6.55%
IMAX CorpIMAX14.38
12
 15.65-3.69 ▼
63
23.14%
Meta PlatformsMETA369.67
50
 344.214.79 ▲
22
12.23%
NiSource IncNI26.50
0
 26.473.55 ▼
9
0.34%
Intellia TherapeuticsNTLA28.15
26
 30.70-2.22 ▼
6
4.09%
Ralph LaurenRL142.53
7
 137.771.26 ▼
46
23.38%
Rockwell AutomationROK305.10
3
 296.600.52 ▼
37
10.95%
Sanmina CorpSANM50.33
22
 51.29-3.12 ▲
7
-0.38%
Shopify IncSHOP81.30
9
 74.122.80 ▲
3
5.24%
Tesla Motors IncTSLA227.22
3
 245.57-4.32 ▼
6
5.03%
Uber TechnologiesUBER63.47
9
 58.12-0.33 ▲
2
5.29%
Marriott Vacations WorldwideVAC86.25
43
 84.090.76 ▼
22
6.86%



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, January 11, 2024

RevL for Jan 11, 2024

SPX is challenging its recent highs and MoM turns back up.

Daily reversal levels as of the close on January 10, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4783.45
7
 4655.552.16 ▲
46
10.36%
UK - FTSE 100^FTSE7651.76
2
 7613.341.56 ▼
37
2.20%
Germany - DAX^DAX16689.81
7
 16448.060.37 ▲
46
9.77%
Add
Japan - Nikkei^N22534441.72
8
 33060.573.64 ▲
12
2.91%
Australia - AOI^AORD7702.70
4
 7607.562.94 ▼
45
7.35%
Brazil - BOVESPA^BVSP130841.09
9
 128946.332.05 ▼
44
10.73%
Gold (spot)$XAUUSD2023.89
11
 2049.80-0.65 ▼
0
0.00%
Sell
EURUSD$EURUSD1.0971
7
 1.0912-0.97 ▼
19
0.91%
Copper (HG)@HG3.7810
6
 3.8509-4.38 ▼
3
0.42%
10 Year T-Note (ZN)@ZN111.88
5
 111.37-0.51 ▼
45
3.36%
Oil (CL)@CL71.37
9
 74.37-0.86 ▼
8
0.86%
BitcoinBTC_X46667.48
11
 42785.513.51 ▲
86
63.64%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL14.35
3
 13.480.60 ▲
2
-1.10%
Apple IncAAPL186.19
8
 190.10-8.14 ▲
6
-1.07%
Aegon NVAEG5.73
9
 5.592.01 ▼
49
18.14%
Adecoagro SAAGRO10.58
38
 11.16-2.29 ▼
21
-1.63%
C3.ai IncAI28.54
5
 29.37-1.93 ▲
7
0.07%
Amazon.com IncAMZN153.73
37
 147.90-1.64 ▲
1
1.10%
AramarkARMK28.91
9
 27.783.57 ▲
15
3.62%
AeroVironment IncAVAV122.00
17
 125.94-4.41 ▲
23
3.94%
Bank of AmericaBAC33.60
7
 32.673.30 ▼
46
19.32%
Beacon Roofing Supply IncBECN84.99
7
 83.301.61 ▼
46
16.49%
Coeur MiningCDE2.67
6
 3.13-6.50 ▼
5
8.25%
CIENA CorpCIEN48.50
6
 44.796.15 ▲
8
8.14%
Coinbase GlobalCOIN151.29
27
 142.91-1.29 ▼
46
80.56%
Dollar Tree IncDLTR137.62
5
 133.092.47 ▼
46
19.67%
Devon EnergyDVN43.94
15
 45.98-0.62 ▼
1
1.85%
First Solar IncFSLR162.33
2
 168.64-0.02 ▼
0
0.00%
Sell
Greenbrier CompaniesGBX47.28
3
 42.927.75 ▲
27
25.58%
Alphabet IncGOOGL142.28
8
 136.541.30 ▲
2
2.73%
Interactive Brokers GroupIBKR87.01
0
 84.066.50 ▼
14
5.54%
IMAX CorpIMAX14.68
12
 15.75-3.26 ▼
62
21.54%
Meta PlatformsMETA370.47
50
 342.643.75 ▲
21
12.47%
NiSource IncNI27.34
0
 26.474.09 ▲
8
3.52%
Intellia TherapeuticsNTLA28.88
26
 30.90-1.86 ▼
5
1.60%
Ralph LaurenRL143.76
7
 137.521.90 ▼
45
24.45%
Rockwell AutomationROK302.07
3
 296.361.12 ▼
36
9.84%
Sanmina CorpSANM50.06
22
 51.38-3.20 ▼
6
0.16%
Shopify IncSHOP81.10
9
 73.601.33 ▲
2
4.98%
Tesla Motors IncTSLA233.94
3
 246.53-3.57 ▼
5
2.22%
Uber TechnologiesUBER62.41
9
 57.87-2.27 ▲
1
3.53%
Marriott Vacations WorldwideVAC87.20
43
 83.990.85 ▲
21
8.04%



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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