Saturday, May 18, 2024

RevL for May 20, 2024

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

Daily reversal levels as of the close on May 17, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX5303.27
26
5147.298.32 ▲
10
3.13%
pP
UK - FTSE 100^FTSE8420.26
13
8184.609.06 ▼
18
4.94%
pP
Germany - DAX^DAX18704.42
26
18267.728.38 ▼
17
3.11%
Japan - Nikkei^N22538787.38
27
38177.361.44 ▲
1
0.59%
Australia - AOI^AORD8082.30
23
7959.524.51 ▲
8
0.21%
Brazil - BOVESPA^BVSP128150.71
28
127010.302.00 ▼
14
1.28%
Gold (spot)$XAUUSD2414.89
30
2306.394.01 ▲
59
18.75%
EURUSD$EURUSD1.0870
0
1.07534.94 ▲
10
1.02%
Copper (HG)@HG5.0570
12
4.51639.46 ▲
63
30.79%
10 Year T-Note (ZN)@ZN109.19
13
108.374.14 ▼
10
0.37%
Oil (CL)@CL80.06
9
81.42-2.64 ▲
22
3.30%
BitcoinBTC_X67051.35
30
61914.391.80 ▲
2
1.22%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL14.73
0
14.284.75 ▼
9
1.31%
Apple IncAAPL189.87
2
180.258.78 ▲
14
9.54%
pP
Aegon NVAEG6.88
28
6.409.45 ▲
18
12.23%
pP+
Adecoagro SAAGRO10.32
0
11.12-2.03 ▼
3
4.36%
C3.ai IncAI26.39
6
24.086.58 ▲
9
7.28%
Amazon.com IncAMZN184.70
56
182.201.86 ▼
11
-1.22%
AramarkARMK33.31
28
32.275.99 ▲
6
2.62%
AeroVironment IncAVAV193.83
36
172.829.31 ▼
29
28.34%
pP
Bank of AmericaBAC39.29
26
37.635.40 ▲
20
6.19%
Beacon Roofing Supply IncBECN96.09
26
94.670.03 ▲
2
-3.29%
Coeur MiningCDE5.88
10
4.784.63 ▲
53
94.06%
CIENA CorpCIEN48.85
6
47.374.73 ▼
11
1.31%
Coinbase GlobalCOIN207.60
46
221.35-2.04 ▲
24
6.91%
Dollar Tree IncDLTR117.31
9
123.53-1.46 ▼
46
8.74%
Devon EnergyDVN49.62
10
50.87-3.69 ▼
5
1.23%
First Solar IncFSLR197.59
7
182.863.52 ▲
36
17.17%
Greenbrier CompaniesGBX51.42
22
53.272.10 ▼
0
0.00%
Sell
Alphabet IncGOOGL176.06
27
163.705.76 ▲
46
24.70%
Interactive Brokers GroupIBKR123.83
19
117.364.96 ▲
20
10.10%
IMAX CorpIMAX16.96
11
16.652.37 ▼
9
-0.24%
Meta PlatformsMETA471.91
69
460.912.38 ▼
7
0.41%
NiSource IncNI29.23
10
28.234.86 ▼
21
6.25%
Intellia TherapeuticsNTLA26.22
8
23.766.97 ▲
6
4.88%
Ralph LaurenRL167.88
26
169.060.62 ▲
33
4.41%
Rockwell AutomationROK269.76
15
276.31-0.92 ▲
22
3.98%
Sanmina CorpSANM66.99
15
62.676.19 ▲
18
10.02%
Shopify IncSHOP58.53
5
68.38-8.90 ▼
7
7.93%
Tesla Motors IncTSLA177.46
18
178.220.04 ▲
5
-4.39%
Uber TechnologiesUBER65.67
28
70.46-3.57 ▼
34
13.20%
Marriott Vacations WorldwideVAC98.18
9
100.841.22 ▼
14
-0.76%



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.

Friday, May 17, 2024

Charts for May 17, 2024

SPX is pausing near 5300. Some indicators start peaking out (see charts below) and we have a high number of pP signals (but that could go even higher before it drops lower). That's a reason for extra caution at this point.

Market charts:

* 350 SPX stocks in bullish mode. Small uptick.
* BullsPower at 31, BearsPower at 15. Bulls stay in command.
* The daily Watershed (dW) is at 5208 and the market stays above the semi-envelope, which is more acutely bullish.
* The number of pP signals is at 162. Stays in the +150 zone, where important peaks tend to be made. We have to wait until this measure comes back down.

* BMO turns down in the +2 peak zone. This is usually the first indicator to peak out after a rally. It's a kind of early warning sign.
* ELC is going up and the slower BUD is coming close to a bullish crossover.
* Repellor line is at 5138 and climbing.

* SPX Rotator goes up with both components rising at a solid pace.
* Bands are going up.
* The market is too far above the Bands (>5211) , which comes with a heightened risk for a sudden pullback.

* SwX is green - bullish.
* Daily MoM keeps going up and is in the +8 peak zone now.
* Red channel is still going strong, and there is room to climb to 5400+

* Icebergs algo is showing "gold in the water". That's risky unless green mountain appears soon.
* There is also danger that an "iceberg" could be painted here.
* More info about what you can see in the icebergs charts is here: https://lunatictrader.com/2017/08/04/icebergs-3/

RevL for May 17, 2024

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

Daily reversal levels as of the close on May 16, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX5297.10
25
5136.938.19 ▲
9
3.01%
pP
UK - FTSE 100^FTSE8438.65
12
8168.439.33 ▼
17
5.17%
pP
Germany - DAX^DAX18738.81
25
18239.218.62 ▼
16
3.30%
pP
Japan - Nikkei^N22538920.26
26
38136.900.92 ▲
0
0.00%
Buy
Australia - AOI^AORD8150.10
22
7948.154.25 ▲
7
1.05%
Brazil - BOVESPA^BVSP128283.62
27
126941.732.47 ▼
13
1.39%
Gold (spot)$XAUUSD2376.44
29
2301.853.07 ▲
58
16.86%
EURUSD$EURUSD1.0865
4
1.07444.42 ▲
9
0.98%
Copper (HG)@HG4.8920
11
4.49689.14 ▲
62
26.52%
10 Year T-Note (ZN)@ZN109.48
12
108.334.17 ▲
9
0.65%
Oil (CL)@CL79.23
8
81.52-3.47 ▲
21
4.30%
BitcoinBTC_X65250.53
29
61482.030.86 ▲
1
-1.50%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL14.79
4
14.225.01 ▲
8
1.72%
Apple IncAAPL189.84
1
179.298.78 ▲
13
9.53%
pP
Aegon NVAEG6.82
27
6.379.27 ▲
17
11.26%
pP+
Adecoagro SAAGRO10.88
7
11.14-0.64 ▼
2
-0.83%
C3.ai IncAI26.20
5
23.926.14 ▲
8
6.50%
Amazon.com IncAMZN183.63
55
182.082.79 ▼
10
-1.80%
AramarkARMK33.53
27
32.135.71 ▲
5
3.30%
AeroVironment IncAVAV192.73
35
171.159.54 ▼
28
27.61%
pP
Bank of AmericaBAC39.22
25
37.454.86 ▲
19
6.00%
pP
Beacon Roofing Supply IncBECN96.12
25
94.63-0.69 ▲
1
-3.26%
Coeur MiningCDE5.27
9
4.734.11 ▼
52
73.93%
CIENA CorpCIEN49.20
5
47.275.26 ▼
10
2.03%
Coinbase GlobalCOIN199.17
45
222.65-2.18 ▲
23
10.69%
Dollar Tree IncDLTR121.30
8
123.69-1.25 ▲▲
45
5.63%
dBuy
Devon EnergyDVN49.24
9
50.98-3.60 ▼
4
1.99%
First Solar IncFSLR194.62
6
181.803.46 ▼
35
15.41%
Greenbrier CompaniesGBX52.84
21
51.972.78 ▼
6
-0.53%
Alphabet IncGOOGL174.18
26
162.585.40 ▲
45
23.37%
Interactive Brokers GroupIBKR121.82
18
116.984.74 ▼
19
8.31%
IMAX CorpIMAX16.93
10
16.632.64 ▲
8
-0.41%
Meta PlatformsMETA473.23
68
460.162.42 ▲
6
0.69%
NiSource IncNI29.15
9
28.164.93 ▲
20
5.96%
Intellia TherapeuticsNTLA26.17
7
23.616.69 ▲
5
4.68%
Ralph LaurenRL166.09
25
169.130.60 ▼
32
5.43%
Rockwell AutomationROK271.11
14
276.56-0.96 ▲
21
3.50%
Sanmina CorpSANM65.76
14
62.376.06 ▼
17
8.00%
Shopify IncSHOP57.81
4
69.23-8.79 ▼
6
9.06%
Tesla Motors IncTSLA174.84
17
178.030.03 ▼
4
-2.85%
Uber TechnologiesUBER66.05
27
70.66-3.45 ▼
33
12.70%
Marriott Vacations WorldwideVAC99.96
8
100.951.33 ▲
13
-2.59%



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.

Thursday, May 16, 2024

RevL for May 16, 2024

SPX shows a convincing breakout to new record highs. Stays fully bullish, but on a pP signal.

Daily reversal levels as of the close on May 15, 2024
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX5308.15
25
5124.828.00 ▲
8
3.22%
pP
UK - FTSE 100^FTSE8445.80
12
8149.369.47 ▲
16
5.26%
pP+
Germany - DAX^DAX18869.36
25
18199.798.64 ▲
15
4.02%
Japan - Nikkei^N22538385.73
26
38655.840.40 ▲
4
-0.06%
Australia - AOI^AORD8020.90
22
7941.183.72 ▼
6
-0.55%
Brazil - BOVESPA^BVSP128027.59
27
126842.002.95 ▼
12
1.19%
Gold (spot)$XAUUSD2386.04
29
2297.302.31 ▲
57
17.33%
EURUSD$EURUSD1.0882
4
1.07323.72 ▲
8
1.13%
Copper (HG)@HG4.9695
11
4.47639.05 ▲
61
28.53%
10 Year T-Note (ZN)@ZN109.72
12
108.263.81 ▲
8
0.86%
Oil (CL)@CL78.63
8
81.65-4.14 ▲
20
5.02%
BitcoinBTC_X66245.16
29
61071.580.03 ▲
0
0.00%
Buy

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL14.94
4
14.164.90 ▲
7
2.75%
Apple IncAAPL189.72
1
178.128.73 ▲
12
9.46%
pP
Aegon NVAEG6.76
27
6.339.06 ▲
16
10.28%
pP+
Adecoagro SAAGRO10.87
7
11.170.11 ▼
1
-0.74%
C3.ai IncAI26.59
5
23.765.57 ▲
7
8.09%
Amazon.com IncAMZN185.99
55
181.933.71 ▼
9
-0.53%
AramarkARMK33.63
27
31.964.81 ▲
4
3.60%
AeroVironment IncAVAV193.04
35
169.319.62 ▼
27
27.82%
pP+
Bank of AmericaBAC38.91
25
37.304.28 ▲
18
5.16%
Beacon Roofing Supply IncBECN99.97
25
94.48-1.89 ▲
0
0.00%
Buy
Coeur MiningCDE5.29
9
4.704.59 ▼
51
74.59%
CIENA CorpCIEN49.32
5
47.135.69 ▼
9
2.28%
Coinbase GlobalCOIN219.91
45
222.99-2.27 ▲▲
22
1.39%
dBuy
Dollar Tree IncDLTR118.80
8
123.73-1.49 ▼
44
7.58%
AddSh
Devon EnergyDVN49.71
9
51.07-3.45 ▼
3
1.05%
First Solar IncFSLR191.93
6
180.813.82 ▼
34
13.81%
Greenbrier CompaniesGBX53.58
21
51.962.90 ▲
5
0.87%
Alphabet IncGOOGL172.51
26
161.465.25 ▼
44
22.18%
Interactive Brokers GroupIBKR122.01
18
116.594.84 ▼
18
8.48%
IMAX CorpIMAX17.62
10
16.612.20 ▲
7
3.65%
Meta PlatformsMETA481.54
68
458.952.15 ▲
5
2.46%
NiSource IncNI29.13
9
28.074.91 ▼
19
5.89%
Intellia TherapeuticsNTLA26.22
7
23.466.26 ▲
4
4.88%
Ralph LaurenRL166.98
25
169.160.73 ▼
31
4.93%
Rockwell AutomationROK275.23
14
276.76-1.06 ▲▲
20
2.03%
dBuy
Sanmina CorpSANM65.95
14
62.066.10 ▲
16
8.31%
Shopify IncSHOP58.77
4
70.11-8.50 ▼
5
7.55%
Tesla Motors IncTSLA173.99
17
178.330.33 ▼
3
-2.35%
Uber TechnologiesUBER66.62
27
70.85-3.32 ▼
32
11.95%
Marriott Vacations WorldwideVAC99.96
8
100.921.01 ▲
12
-2.59%



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.