Saturday, March 9, 2024

RevL for March 11, 2024

Latest reversal levels for major indexes and stocks in our public demo portfolio.

Daily reversal levels as of the close on March 8, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX5123.69
16
 5026.205.98 ▼
86
18.21%
UK - FTSE 100^FTSE7659.74
3
 7625.480.31 ▲
15
-0.67%
Germany - DAX^DAX17814.51
16
 17336.758.92 ▼
34
6.34%
pP
Japan - Nikkei^N22539688.94
17
 38140.308.70 ▼
52
18.59%
pP
Australia - AOI^AORD8107.50
13
 7884.945.67 ▲
33
5.26%
Brazil - BOVESPA^BVSP127070.79
18
 129564.13-1.86 ▼
4
0.99%
Gold (spot)$XAUUSD2177.51
20
 2064.349.60 ▲
10
7.08%
EURUSD$EURUSD1.0937
16
 1.08103.87 ▲
9
0.82%
Copper (HG)@HG3.8850
2
 3.82493.73 ▲
14
0.48%
10 Year T-Note (ZN)@ZN111.14
3
 110.113.19 ▲
5
0.62%
Oil (CL)@CL78.01
18
 77.101.30 ▼
20
2.08%
BitcoinBTC_X68269.39
20
 55976.559.78 ▼
39
57.66%
pP+

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL14.68
12
 15.22-0.60 ▼
4
0.47%
Apple IncAAPL170.73
1
 179.79-8.34 ▼
27
8.72%
Aegon NVAEG5.80
18
 5.72-1.17 ▲
1
-0.85%
Adecoagro SAAGRO10.11
7
 10.151.26 ▲
23
1.17%
C3.ai IncAI31.70
1
 29.795.75 ▼
9
8.08%
Amazon.com IncAMZN175.35
46
 170.613.30 ▼
41
15.32%
AramarkARMK31.66
18
 30.232.75 ▲
55
13.48%
AeroVironment IncAVAV166.23
26
 136.7610.00 ▲
8
31.20%
Bank of AmericaBAC35.60
16
 34.115.68 ▲
15
4.95%
Beacon Roofing Supply IncBECN86.85
16
 87.18-0.26 ▲
7
-0.58%
Coeur MiningCDE3.13
0
 2.726.52 ▲
4
3.30%
CIENA CorpCIEN54.28
15
 57.163.51 ▼
1
-2.36%
Coinbase GlobalCOIN256.62
36
 180.6310.00 ▲
19
81.87%
Dollar Tree IncDLTR147.91
14
 141.994.72 ▼
25
9.56%
Devon EnergyDVN46.16
0
 43.815.62 ▲
15
6.88%
First Solar IncFSLR161.35
7
 152.113.67 ▲
6
5.64%
Greenbrier CompaniesGBX51.21
12
 49.174.60 ▼
67
36.02%
Alphabet IncGOOGL135.41
17
 139.31-6.43 ▲
15
5.30%
Interactive Brokers GroupIBKR107.91
9
 102.377.41 ▼
54
30.90%
IMAX CorpIMAX16.24
1
 15.528.17 ▼
16
11.39%
Meta PlatformsMETA505.95
59
 467.536.78 ▲
61
53.60%
pP
NiSource IncNI27.01
0
 26.084.85 ▲
15
4.33%
Intellia TherapeuticsNTLA29.97
1
 28.403.67 ▼
8
-1.51%
Ralph LaurenRL176.03
16
 171.290.96 ▼
30
21.96%
Rockwell AutomationROK294.59
5
 283.714.30 ▲
5
1.65%
Sanmina CorpSANM64.86
5
 61.546.18 ▼
27
0.92%
Shopify IncSHOP76.16
18
 78.33-2.79 ▲
17
3.73%
Tesla Motors IncTSLA175.34
8
 200.66-4.89 ▼
45
26.71%
Uber TechnologiesUBER78.70
18
 74.804.21 ▼
41
30.56%
Marriott Vacations WorldwideVAC94.04
52
 90.473.37 ▼
18
8.67%



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, March 8, 2024

Charts for Mar 8, 2024

Another surge to a new record high for SPX.
Participation (see bullish% chart) is also improving a bit. This market has continued to defy the gravity of multiple bearish divergences, weak participation, very stretched valuations, and overbought readings in many indicators. But sometimes buying keeps begetting more buying, and there is no way to tell when that will end. This will definitely be a rally for the history books and is unprecedented by several measures. More than 1 or 2 serious down days is all the downside we can get so far this year. Intuition would suggest that this MUST end. But there is also a possibility that the rally will accelerate even more and create a blow-off peak first. Check out the Nasdaq in the late 1990s if you were not around at that time.

Market charts:

* 356 SPX stocks in bullish mode. Uptick and trying to break above the weekly bullish% for the 1st time since early January.
* BullsPower at 44, BearsPower at 9. BullsPower at a new multi-month high.
* 256 stocks with upward MoM (dashed green line). Chopping around 50% = weak.
* The daily Watershed (dW) is at 5061, with the ceiling of the Envelope at 5192.

* BMO goes down, with multiple bearish divergences.
* ELC goes down with bearish divergence.
* Repellor is at 4963 and has not been tested since November.

* SPX Rotator turns back up. But green component continues to lag.
* The market gets back above the Bands. Runaway rally mode resumes?

* SwX is red - bearish.
* Daily MoM goes down, with a double bearish divergence.
* The pale green trend channel keeps containing the price action and is not even being challenged all that much. So easy.

* Icebergs algo has clocked in another bout of "gold on the mountain" but at a low level and still has "lava".
* Hot market conditions continue and green mountain is back above +4, which is a healthy bullish level, after some doubt in late February.
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RevL for March 8, 2024

Another push into record territory for the S&P 500. Trading stocks has never looked easier and that may start attracting new crowds.

Daily reversal levels as of the close on March 7, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX5157.36
16
 5015.286.15 ▼
85
18.99%
UK - FTSE 100^FTSE7692.46
3
 7622.840.23 ▲
14
-0.25%
Germany - DAX^DAX17842.85
16
 17303.129.18 ▼
33
6.50%
pP+
Japan - Nikkei^N22539598.71
17
 38042.099.26 ▼
51
18.32%
pP
Australia - AOI^AORD8026.70
13
 7871.534.94 ▲
32
4.21%
Brazil - BOVESPA^BVSP128339.76
18
 129703.11-1.02 ▼
3
0.00%
Gold (spot)$XAUUSD2159.16
20
 2054.548.94 ▲
9
6.17%
EURUSD$EURUSD1.0946
16
 1.08013.10 ▲
8
0.90%
Copper (HG)@HG3.9195
2
 3.81833.33 ▲
13
1.37%
10 Year T-Note (ZN)@ZN111.08
3
 110.042.21 ▲
4
0.57%
Oil (CL)@CL78.93
18
 77.041.55 ▼
19
3.28%
BitcoinBTC_X66928.15
19
 55101.739.87 ▼
38
54.56%
pP+

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL14.90
12
 15.230.17 ▼
3
-1.02%
Apple IncAAPL170.12
1
 183.24-5.52 ▼
24
9.05%
Aegon NVAEG5.87
18
 5.71-1.99 ▲
0
0.00%
Buy
Adecoagro SAAGRO10.04
6
 10.151.21 ▲
22
1.86%
C3.ai IncAI31.77
0
 29.556.86 ▼
8
8.32%
Amazon.com IncAMZN176.82
45
 170.183.81 ▼
40
16.28%
AramarkARMK31.63
17
 30.142.10 ▲
54
13.37%
AeroVironment IncAVAV177.67
25
 133.8710.00 ▲
7
40.23%
Bank of AmericaBAC35.63
15
 33.955.23 ▲
14
5.04%
Beacon Roofing Supply IncBECN86.74
15
 87.01-0.46 ▼
6
-0.45%
Coeur MiningCDE3.19
6
 2.684.88 ▲
3
5.28%
CIENA CorpCIEN52.84
14
 57.377.11 ▼
0
0.00%
Sell
Coinbase GlobalCOIN242.62
35
 175.8710.00 ▲
18
71.95%
Dollar Tree IncDLTR150.02
13
 141.665.10 ▲
24
11.13%
Devon EnergyDVN45.89
23
 43.614.99 ▲
14
6.25%
First Solar IncFSLR160.35
6
 151.003.06 ▲
5
4.98%
Greenbrier CompaniesGBX51.60
11
 49.054.99 ▼
66
37.05%
Alphabet IncGOOGL134.38
16
 139.48-7.00 ▼
14
6.02%
spBuy
Interactive Brokers GroupIBKR109.21
8
 102.098.22 ▼
53
32.47%
IMAX CorpIMAX16.80
0
 15.488.75 ▼
15
15.23%
Meta PlatformsMETA512.19
58
 464.736.77 ▲
60
55.49%
NiSource IncNI26.97
6
 25.994.18 ▲
14
4.17%
Intellia TherapeuticsNTLA30.02
0
 28.264.68 ▼
7
-1.35%
Ralph LaurenRL179.71
15
 171.032.30 ▼
29
24.51%
Rockwell AutomationROK294.14
4
 282.733.82 ▲
4
1.49%
Sanmina CorpSANM64.96
4
 61.166.53 ▲
26
1.07%
Shopify IncSHOP75.33
17
 78.18-3.38 ▲
16
4.78%
Tesla Motors IncTSLA178.65
7
 201.66-3.62 ▼
44
25.33%
Uber TechnologiesUBER79.41
17
 74.484.99 ▼
40
31.74%
Marriott Vacations WorldwideVAC93.61
51
 90.153.82 ▼
17
8.17%



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, March 7, 2024

RevL for March 7, 2024

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

Daily reversal levels as of the close on March 6, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX5104.76
16
 5004.756.20 ▼
84
17.78%
UK - FTSE 100^FTSE7679.31
3
 7620.050.09 ▼
13
-0.42%
Germany - DAX^DAX17716.71
16
 17279.189.24 ▼
32
5.75%
pP
Japan - Nikkei^N22540090.78
17
 37933.799.52 ▼
50
19.79%
pP+
Australia - AOI^AORD7990.30
13
 7861.564.71 ▲
31
3.74%
Brazil - BOVESPA^BVSP128890.23
18
 129759.43-0.48 ▼
2
-0.43%
Gold (spot)$XAUUSD2145.53
20
 2044.178.30 ▲
8
5.50%
EURUSD$EURUSD1.0897
16
 1.07962.42 ▲
7
0.45%
Copper (HG)@HG3.8705
2
 3.81192.83 ▼
12
0.10%
10 Year T-Note (ZN)@ZN110.92
3
 109.971.12 ▲
3
0.42%
Oil (CL)@CL79.13
18
 76.901.74 ▼
18
3.55%
BitcoinBTC_X66115.57
19
 54239.1110.00 ▲
37
52.68%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL14.88
12
 15.261.04 ▼
2
-0.88%
Apple IncAAPL170.12
1
 183.24-5.52 ▼
24
9.05%
Aegon NVAEG5.78
18
 5.82-2.68 ▼
3
-4.33%
Adecoagro SAAGRO10.13
6
 10.141.08 ▲
21
0.98%
C3.ai IncAI32.46
0
 29.237.88 ▼
7
10.67%
Amazon.com IncAMZN173.51
45
 169.804.32 ▼
39
14.11%
AramarkARMK31.08
17
 30.061.51 ▲
53
11.40%
AeroVironment IncAVAV182.25
25
 129.2010.00 ▲
6
43.84%
Bank of AmericaBAC35.42
15
 33.804.63 ▲
13
4.42%
Beacon Roofing Supply IncBECN84.90
15
 87.02-0.34 ▼
5
1.68%
Coeur MiningCDE3.07
6
 2.642.95 ▲
2
1.32%
CIENA CorpCIEN61.96
14
 55.288.59 ▲
46
38.15%
Coinbase GlobalCOIN238.55
35
 171.189.88 ▲
17
69.06%
pP+
Dollar Tree IncDLTR149.14
13
 141.235.08 ▼
23
10.47%
Devon EnergyDVN45.45
23
 43.434.39 ▲
13
5.23%
First Solar IncFSLR158.42
6
 150.042.40 ▲
4
3.72%
Greenbrier CompaniesGBX50.95
11
 48.905.31 ▼
65
35.33%
Alphabet IncGOOGL131.40
16
 140.11-6.87 ▼
13
8.11%
Interactive Brokers GroupIBKR110.00
8
 101.718.56 ▼
52
33.43%
pP
IMAX CorpIMAX16.68
0
 15.389.11 ▼
14
14.40%
pP
Meta PlatformsMETA496.09
58
 461.946.45 ▼
59
50.60%
NiSource IncNI26.87
6
 25.873.34 ▲
13
3.79%
Intellia TherapeuticsNTLA29.95
0
 28.145.85 ▼
6
-1.58%
Ralph LaurenRL179.22
15
 170.523.72 ▼
28
24.17%
Rockwell AutomationROK291.18
4
 281.823.27 ▲
3
0.47%
Sanmina CorpSANM65.82
4
 60.836.53 ▲
25
2.41%
Shopify IncSHOP74.01
17
 78.47-3.55 ▲
15
6.45%
Tesla Motors IncTSLA176.54
7
 202.92-2.05 ▼
43
26.21%
Uber TechnologiesUBER78.64
17
 74.135.90 ▼
39
30.46%
Marriott Vacations WorldwideVAC94.68
51
 89.794.44 ▼
16
9.41%



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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