Saturday, January 27, 2024

RevL for Jan 29, 2024

New intraday record high for SPX, but again those gains were given back into the close.

Daily reversal levels as of the close on January 26, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4890.97
10
 4745.438.31 ▲
57
12.85%
UK - FTSE 100^FTSE7635.09
1
 7543.91-3.67 ▲
0
0.00%
Buy
Germany - DAX^DAX16961.39
10
 16536.603.44 ▲
4
1.24%
Japan - Nikkei^N22535751.07
11
 34751.278.87 ▼
24
6.82%
Australia - AOI^AORD7785.20
7
 7636.440.56 ▲
3
1.08%
Brazil - BOVESPA^BVSP128967.32
12
 129805.11-4.61 ▲
7
-0.34%
Gold (spot)$XAUUSD2018.63
14
 2039.66-1.54 ▲
7
-0.64%
EURUSD$EURUSD1.0852
10
 1.0938-2.78 ▲
8
0.18%
Copper (HG)@HG3.8505
9
 3.78782.14 ▲
2
-0.31%
10 Year T-Note (ZN)@ZN111.03
8
 111.88-3.14 ▲
7
0.35%
Oil (CL)@CL78.01
12
 72.963.24 ▲
4
4.46%
BitcoinBTC_X41816.55
14
 42717.36-3.76 ▲
14
2.24%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL15.13
6
 13.574.05 ▲
3
6.85%
Apple IncAAPL192.42
11
 188.196.51 ▲
5
0.06%
Aegon NVAEG6.01
12
 5.748.70 ▼
60
23.92%
pP
Adecoagro SAAGRO10.18
1
 10.57-4.55 ▲
32
2.21%
C3.ai IncAI25.12
2
 27.17-2.68 ▲
18
12.04%
Amazon.com IncAMZN159.12
40
 152.004.77 ▲
12
4.64%
AramarkARMK28.58
12
 28.240.83 ▼
26
2.44%
AeroVironment IncAVAV122.10
20
 125.36-0.18 ▼
8
-0.63%
Bank of AmericaBAC33.43
10
 32.43-0.84 ▲
1
0.09%
Beacon Roofing Supply IncBECN83.71
10
 85.44-1.86 ▼
2
-0.70%
Coeur MiningCDE2.71
1
 2.94-1.90 ▲
16
6.87%
CIENA CorpCIEN51.42
9
 47.848.39 ▼
19
14.65%
Coinbase GlobalCOIN125.20
30
 140.29-5.88 ▲
10
8.74%
Dollar Tree IncDLTR132.73
8
 134.80-4.28 ▲
6
-0.16%
Devon EnergyDVN42.62
18
 43.84-6.36 ▲
12
4.80%
First Solar IncFSLR147.83
1
 159.77-4.60 ▲
11
9.02%
Greenbrier CompaniesGBX46.16
6
 44.030.96 ▲
38
22.60%
Alphabet IncGOOGL152.18
11
 143.048.12 ▲
13
9.88%
Interactive Brokers GroupIBKR91.74
3
 87.265.69 ▼
25
11.28%
IMAX CorpIMAX14.14
15
 14.88-3.67 ▲
73
24.43%
Meta PlatformsMETA394.14
53
 365.558.55 ▲
32
19.65%
pP
NiSource IncNI25.82
1
 26.25-5.78 ▲
8
1.07%
Intellia TherapeuticsNTLA24.68
29
 28.19-4.77 ▲
16
15.91%
Ralph LaurenRL144.10
10
 137.69-0.60 ▲
1
-0.16%
Rockwell AutomationROK303.00
6
 298.350.30 ▲
5
-0.38%
Sanmina CorpSANM50.32
25
 51.491.86 ▼
0
0.00%
Sell
Shopify IncSHOP81.55
12
 77.432.46 ▼
13
5.57%
Tesla Motors IncTSLA183.25
2
 228.61-8.59 ▼
16
23.41%
spBuy
Uber TechnologiesUBER65.52
12
 60.906.48 ▼
12
8.69%
Marriott Vacations WorldwideVAC87.51
46
 83.820.19 ▲
1
-0.87%



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 26, 2024

Charts for Jan 26, 2024

Bulls keep ruling the roost and the weak previous day was shaken off. But 4900 keeps offering resistance. As I pointed out before, extended moves can become more extended. That's what we see right now. There is nothing you can do in this kind of market, other than sticking to what you own from much earlier Buy signals. People who traded "The Switch" (strategy PDF #3) are doing extremely well. Shorter term swing traders can only wait for a good pullback. If I could predict when that will be, then I would have been very rich 20 years ago already.
After an 800 point rally it would be normal to give back 200-300 points at some point. That's why buying at this point is more risky. But then more than a few traders may be waiting for such a 200-300 point drop. And they may have been waiting since November. If enough of them are desperate to deploy cash then they may step in after a 100 point drop already. That's the fun of stock markets.

Market charts:

* 323 SPX stocks in bullish mode. Significant uptick. Stays well below weekly bullish%.
* BullsPower at 36, BearsPower at 10.
* 324 stocks with upward MoM (dashed green line), which is again down from the previous day. A healthy 80% reading was not seen on this swing.
* The daily Watershed (dW) is currently at 4764.
* An attempt to break out above the Watershed envelope. Closed right at the border.

* BMO goes up. Remains at risk of painting a double bearish divergence if it makes a weak peak.
* ELC goes up.
* Repellor is at 4720.

* SPX Rotator goes up, but without much upward traction so far.
* The red component keeps falling. The red and green line are converging.
* Market closes above the Bands again. Back in runaway rally mode? Don't rule it out.

* SwX stays yellow - neutral.
* Daily MoM goes up and is now >8. Watching out for a possible bearish divergence being made.
* The overhead parallel trendline (green) is still being tested.

* Icebergs algo is gaining strength.
* "Lava" has come back. But at a lower level. That too can become a kind of bearish divergence.
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Labels:

RevL for Jan 26, 2024

Another new closing high for SPX. MoM is now in the +8 peak zone.

Daily reversal levels as of the close on January 25, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4894.16
9
 4733.048.07 ▲
56
12.92%
UK - FTSE 100^FTSE7529.73
0
 7610.33-5.24 ▲
10
0.62%
Germany - DAX^DAX16906.92
9
 16512.281.94 ▲
3
0.92%
Japan - Nikkei^N22536236.47
10
 34663.169.41 ▼
23
8.27%
pP
Australia - AOI^AORD7785.20
6
 7636.440.56 ▲
3
1.08%
Brazil - BOVESPA^BVSP128168.73
11
 129843.45-5.36 ▲
6
0.28%
Gold (spot)$XAUUSD2019.12
13
 2041.18-1.57 ▼
6
-0.66%
EURUSD$EURUSD1.0846
9
 1.0944-2.78 ▼
7
0.24%
Copper (HG)@HG3.8655
8
 3.78230.44 ▲
1
0.08%
10 Year T-Note (ZN)@ZN111.31
7
 111.91-3.20 ▼
6
0.10%
Oil (CL)@CL77.36
11
 72.572.48 ▲
3
3.59%
BitcoinBTC_X39941.74
13
 42769.77-4.16 ▼
13
6.63%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL15.36
5
 13.481.80 ▲
2
8.47%
Apple IncAAPL194.17
10
 187.876.16 ▲
4
0.97%
Aegon NVAEG6.01
11
 5.728.72 ▲
59
23.92%
Adecoagro SAAGRO10.15
0
 10.60-5.05 ▲
31
2.50%
C3.ai IncAI25.18
1
 27.30-2.98 ▲
17
11.83%
Amazon.com IncAMZN157.75
39
 151.344.26 ▲
11
3.74%
AramarkARMK28.69
11
 28.211.21 ▼
25
2.83%
AeroVironment IncAVAV122.59
19
 125.420.02 ▼
7
-1.03%
Bank of AmericaBAC33.39
9
 32.37-2.34 ▲
0
0.00%
Buy
Beacon Roofing Supply IncBECN82.76
9
 85.57-1.59 ▼
1
0.45%
Coeur MiningCDE2.77
0
 2.95-2.40 ▲
15
4.81%
CIENA CorpCIEN51.69
8
 47.638.74 ▼
18
15.25%
pP
Coinbase GlobalCOIN121.01
29
 141.31-6.23 ▲
9
11.79%
Dollar Tree IncDLTR132.23
7
 134.88-4.76 ▼
5
0.22%
Devon EnergyDVN42.49
17
 43.91-8.00 ▲
11
5.09%
First Solar IncFSLR149.23
0
 160.40-5.02 ▲
10
8.16%
Greenbrier CompaniesGBX46.36
5
 43.870.52 ▲
37
23.13%
Alphabet IncGOOGL151.87
10
 141.997.47 ▲
12
9.65%
Interactive Brokers GroupIBKR90.46
2
 86.985.81 ▲
24
9.73%
IMAX CorpIMAX14.14
14
 14.94-4.04 ▲
72
24.43%
Meta PlatformsMETA393.18
52
 362.628.49 ▲
31
19.36%
pP+
NiSource IncNI25.56
0
 26.30-6.15 ▼
7
2.07%
Intellia TherapeuticsNTLA25.09
28
 28.36-4.86 ▲
15
14.51%
Ralph LaurenRL141.85
9
 137.45-1.98 ▲
0
0.00%
Buy
Rockwell AutomationROK304.24
5
 298.060.02 ▲
4
0.02%
Sanmina CorpSANM51.32
24
 50.442.05 ▲
4
-0.14%
Shopify IncSHOP80.49
11
 77.052.55 ▼
12
4.19%
Tesla Motors IncTSLA182.63
1
 231.23-8.48 ▼
15
23.67%
spBuy+
Uber TechnologiesUBER66.00
11
 60.526.72 ▼
11
9.49%
Marriott Vacations WorldwideVAC87.79
45
 83.55-1.03 ▲
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.
at No comments:
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Thursday, January 25, 2024

RevL for Jan 25, 2024

Marginal new closing high for SPX. But giving back almost 1% from the intraday high is not a good look.

Daily reversal levels as of the close on January 24, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4868.55
9
 4721.027.30 ▲
55
12.33%
UK - FTSE 100^FTSE7527.67
0
 7614.53-6.06 ▲
9
0.65%
Germany - DAX^DAX16889.92
9
 16491.200.54 ▲
2
0.82%
Japan - Nikkei^N22536226.48
10
 34547.139.70 ▼
22
8.24%
pP
Australia - AOI^AORD7748.10
6
 7629.37-0.88 ▲
2
0.59%
Brazil - BOVESPA^BVSP127815.70
11
 129928.84-5.82 ▲
5
0.55%
Gold (spot)$XAUUSD2012.60
13
 2043.04-1.54 ▼
5
-0.33%
EURUSD$EURUSD1.0883
9
 1.0949-2.77 ▲
6
-0.10%
Copper (HG)@HG3.8825
8
 3.7752-1.68 ▲
0
0.00%
Buy
10 Year T-Note (ZN)@ZN110.97
7
 111.95-3.14 ▼
5
0.41%
Oil (CL)@CL75.09
11
 72.251.81 ▲
2
0.55%
BitcoinBTC_X40078.62
13
 43036.62-4.08 ▼
12
6.31%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL13.93
5
 13.45-0.41 ▲
1
-1.62%
Apple IncAAPL194.50
10
 187.424.82 ▲
3
1.14%
Aegon NVAEG6.08
11
 5.708.55 ▲
58
25.36%
Adecoagro SAAGRO9.92
0
 10.64-5.26 ▼
30
4.71%
C3.ai IncAI25.44
1
 27.40-3.43 ▲
16
10.92%
Amazon.com IncAMZN156.87
39
 150.983.93 ▲
10
3.16%
AramarkARMK28.42
11
 28.191.68 ▼
24
1.86%
AeroVironment IncAVAV121.49
19
 125.740.28 ▲
6
-0.12%
Bank of AmericaBAC32.98
9
 33.03-3.67 ▲
6
-3.97%
Beacon Roofing Supply IncBECN82.16
9
 85.73-1.24 ▼
0
0.00%
Sell
Coeur MiningCDE2.68
0
 2.96-3.19 ▲
14
7.90%
CIENA CorpCIEN51.43
8
 47.399.00 ▼
17
14.67%
pP
Coinbase GlobalCOIN121.34
29
 142.77-6.37 ▲
8
11.55%
Dollar Tree IncDLTR130.16
7
 135.07-4.70 ▼
4
1.78%
Devon EnergyDVN41.62
17
 44.00-8.39 ▲
10
7.04%
First Solar IncFSLR148.87
0
 161.08-5.40 ▲
9
8.38%
Greenbrier CompaniesGBX45.71
5
 43.720.08 ▲
36
21.41%
Add
Alphabet IncGOOGL148.70
10
 141.106.40 ▲
11
7.36%
Interactive Brokers GroupIBKR91.81
2
 86.685.80 ▲
23
11.37%
IMAX CorpIMAX14.09
14
 15.00-4.38 ▲
71
24.69%
Meta PlatformsMETA390.70
52
 360.078.38 ▲
30
18.61%
pP+
NiSource IncNI25.18
0
 26.40-6.05 ▼
6
3.52%
Intellia TherapeuticsNTLA25.06
28
 28.57-5.00 ▲
14
14.62%
Ralph LaurenRL139.03
9
 140.32-2.86 ▲
6
-1.69%
Rockwell AutomationROK300.35
5
 297.90-0.41 ▲
3
-1.26%
Sanmina CorpSANM51.72
24
 50.361.49 ▲
3
0.64%
Shopify IncSHOP80.73
11
 76.812.86 ▼
11
4.50%
Tesla Motors IncTSLA207.83
1
 232.77-8.12 ▲
14
13.13%
spBuy
Uber TechnologiesUBER63.76
11
 60.266.88 ▼
10
5.77%
Marriott Vacations WorldwideVAC85.00
45
 85.91-2.05 ▲
7
-2.11%



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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