Thursday, January 23, 2020

RL for Jan 23

Today's reversal levels for major indexes and stocks in our public demo portfolio:
  • Bearish divergence for Nikkei.
  • Ongoing partial profits signals for S&P 500 and Australia AOI.
  • Speculative Buy signal for GBX and RIG.
  • Sell signals for ROK and SANM.
  • Partial profits signals for AAPL, BECN, SHOP and UBER.
  • Bearish continuation for DLTR. Can add to short positions.

  • 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.

Daily reversal levels as of the close on January 22, 2020
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX3321.75
32Has been in bullish trend for 32 weeks. Weekly RevL: 3107.82
3234.789.14 ▲
69Bought on 14-Oct-2019 @2965.81
12.00%
pP+Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.
UK - FTSE 100^FTSE7571.92
10Has been in bullish trend for 10 weeks. Weekly RevL: 7357.34
7552.921.66 ▼
25Bought on 16-Dec-2019 @7353.44
2.97%
Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Germany - DAX^DAX13515.75
19Has been in bullish trend for 19 weeks. Weekly RevL: 12839.54
13323.334.04 ▲
10Bought on 09-Jan-2020 @13474.76
0.30%
Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Japan - Nikkei^N22524031.35
18Has been in bullish trend for 18 weeks. Weekly RevL: 22884.85
23680.194.21 ▼▼
8Bought on 10-Jan-2020 @23813.28
0.92%
dSellBearish divergence. MoM indicates increasing downside potential. Probably a failing rally. Can be used to take some profits or exit early.
China - SSEC^SSEC3060.75
5Has been in bullish trend for 5 weeks. Weekly RevL: 2952.08
3037.361.02 ▼
32Bought on 09-Dec-2019 @2914.46
5.02%
Bearish divergence. MoM indicates increasing downside potential. Probably a failing rally. Can be used to take some profits or exit early.
Australia - AOI^AORD7249.00
49Has been in bullish trend for 49 weeks. Weekly RevL: 6738.47
7038.598.91 ▲
11Bought on 08-Jan-2020 @6943.60
4.40%
pPPartial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Brazil - BOVESPA^BVSP118391.36
33Has been in bullish trend for 33 weeks. Weekly RevL: 108155.45
114628.633.70 ▲
39Bought on 25-Nov-2019 @108692.28
8.92%
Partial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
20+ Y Tr. Bond ETFTLT139.96
8Has been in bullish trend for 8 weeks. Weekly RevL: 135.94
137.443.45 ▲
7Bought on 13-Jan-2020 @137.88
1.51%
Partial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Gold (spot)$XAUUSD1558.62
58Has been in bullish trend for 58 weeks. Weekly RevL: 1454.43
1529.723.36 ▼
28Bought on 12-Dec-2019 @1474.75
5.69%
Partial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
EURUSD$EURUSD1.1091
3Has been in bullish trend for 3 weeks. Weekly RevL: 1.1051
1.1139-2.25 ▼
10Sold on 09-Jan-2020 @1.1104
0.12%
Partial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
BitcoinBTC_X8667.26
0Has been in bullish trend for 0 weeks. Weekly RevL: 7505.74
8122.895.81 ▼
15Bought on 07-Jan-2020 @7762.69
11.65%
Partial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Oil (CL)@CL56.74
6Has been in bullish trend for 6 weeks. Weekly RevL: 56.86
60.54-4.94 ▼
9Sold on 09-Jan-2020 @59.99
5.42%
Partial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.

Daily reversal levels as of the close on January 22, 2020
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL27.32
6Has been in bearish trend for 6 weeks. Weekly RevL: 29.36
28.39-1.16 ▲
12Sold on 06-Jan-2020 @27.19
-0.48%
Partial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Apple IncAAPL317.70
30Has been in bullish trend for 30 weeks. Weekly RevL: 250.65
290.639.80 ▼
99Bought on 30-Aug-2019 @210.16
51.17%
pP+Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Adecoagro SAAGRO7.69
9Has been in bullish trend for 9 weeks. Weekly RevL: 6.87
8.01-3.59 ▼
2Sold on 21-Jan-2020 @7.73
0.52%
Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Amazon.com IncAMZN1887.46
3Has been in bullish trend for 3 weeks. Weekly RevL: 1779.40
1848.751.30 ▼
23Bought on 18-Dec-2019 @1795.02
5.15%
Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.
AeroVironment IncAVAV68.55
10Has been in bullish trend for 10 weeks. Weekly RevL: 59.42
67.755.10 ▼
12Bought on 06-Jan-2020 @71.52
-4.15%
Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Bank of AmericaBAC34.36
18Has been in bullish trend for 18 weeks. Weekly RevL: 32.53
34.98-2.20 ▼
1Sold on 22-Jan-2020 @34.37
0.03%
Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Beacon Roofing Supply IncBECN36.19
1Has been in bullish trend for 1 weeks. Weekly RevL: 31.31
32.888.49 ▼
23Bought on 18-Dec-2019 @31.08
16.44%
pPPartial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Baidu IncBIDU134.80
10Has been in bullish trend for 10 weeks. Weekly RevL: 117.40
132.273.96 ▼
26Bought on 13-Dec-2019 @122.05
10.45%
Partial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Coeur MiningCDE5.96
30Has been in bullish trend for 30 weeks. Weekly RevL: 5.60
6.95-5.81 ▼
11Sold on 07-Jan-2020 @6.91
13.75%
Partial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
CIENA CorpCIEN42.44
5Has been in bullish trend for 5 weeks. Weekly RevL: 38.45
41.570.98 ▲
26Bought on 13-Dec-2019 @42.89
-1.05%
Partial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
3D Systems CorpDDD11.44
11Has been in bullish trend for 11 weeks. Weekly RevL: 8.55
9.9310.00 ▲
9Bought on 09-Jan-2020 @9.81
16.62%
Partial profits signal. Good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Dollar Tree IncDLTR89.87
7Has been in bearish trend for 7 weeks. Weekly RevL: 100.77
92.75-2.43 ▼
37Sold on 27-Nov-2019 @94.50
4.90%
AddShBearish continuation. Can be used to add to short positions.
Eagle PharmaceuticalsEGRX57.91
5Has been in bullish trend for 5 weeks. Weekly RevL: 56.17
59.75-0.73 ▼
5Sold on 15-Jan-2020 @57.79
-0.21%
Bearish continuation. Can be used to add to short positions.
FacebookFB221.32
11Has been in bullish trend for 11 weeks. Weekly RevL: 196.31
212.308.27 ▼
22Bought on 19-Dec-2019 @202.78
9.14%
Bearish continuation. Can be used to add to short positions.
First Solar IncFSLR50.56
16Has been in bearish trend for 16 weeks. Weekly RevL: 58.34
56.11-5.42 ▼
4Sold on 16-Jan-2020 @54.03
6.42%
Bearish continuation. Can be used to add to short positions.
Greenbrier CompaniesGBX26.00
1Has been in bearish trend for 1 weeks. Weekly RevL: 30.92
29.84-8.74 ▲
9Sold on 09-Jan-2020 @27.82
6.54%
spBuySpeculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
Golar LNG LtdGLNG12.49
60Has been in bearish trend for 60 weeks. Weekly RevL: 15.56
14.38-0.93 ▼
1Sold on 22-Jan-2020 @13.18
5.24%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
Alphabet IncGOOGL1484.17
25Has been in bullish trend for 25 weeks. Weekly RevL: 1278.69
1391.9010.00 ▲
67Bought on 16-Oct-2019 @1241.81
19.52%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
Interactive Brokers GroupIBKR49.19
0Has been in bullish trend for 0 weeks. Weekly RevL: 46.69
48.134.78 ▼
13Bought on 03-Jan-2020 @47.19
4.24%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
IMAX CorpIMAX19.02
14Has been in bearish trend for 14 weeks. Weekly RevL: 21.75
20.63-3.44 ▼
19Sold on 24-Dec-2019 @20.95
9.21%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
NiSource IncNI29.06
0Has been in bullish trend for 0 weeks. Weekly RevL: 27.26
27.788.62 ▲
28Bought on 11-Dec-2019 @27.05
7.43%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
Intellia TherapeuticsNTLA14.64
8Has been in bullish trend for 8 weeks. Weekly RevL: 14.00
15.52-1.35 ▲
22Sold on 19-Dec-2019 @15.06
2.79%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
PaypalPYPL115.50
7Has been in bullish trend for 7 weeks. Weekly RevL: 104.18
111.837.65 ▼
26Bought on 13-Dec-2019 @105.83
9.14%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
Transocean LtdRIG5.57
5Has been in bullish trend for 5 weeks. Weekly RevL: 5.46
6.24-4.72 ▼
2Sold on 21-Jan-2020 @5.90
5.59%
spBuySpeculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
Rockwell AutomationROK199.38
18Has been in bullish trend for 18 weeks. Weekly RevL: 184.19
204.62-0.61 ▼
0Sell at next Open
0.00%
SellMode turns bearish. Sell at next Open.
Sanmina CorpSANM33.51
18Has been in bullish trend for 18 weeks. Weekly RevL: 32.33
34.200.02 ▼
0Sell at next Open
0.00%
SellMode turns bearish. Sell at next Open.
Shopify IncSHOP464.76
53Has been in bullish trend for 53 weeks. Weekly RevL: 327.17
400.678.91 ▲
43Bought on 19-Nov-2019 @323.23
43.79%
pP+Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Tilray IncTLRY20.85
45Has been in bearish trend for 45 weeks. Weekly RevL: 27.85
17.368.75 ▲
6Bought on 14-Jan-2020 @17.25
20.87%
Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Tesla Motors IncTSLA569.56
13Has been in bullish trend for 13 weeks. Weekly RevL: 333.07
434.0410.00 ▲
80Bought on 27-Sep-2019 @242.20
135.16%
Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.
Uber TechnologiesUBER37.04
0Has been in bullish trend for 0 weeks. Weekly RevL: 31.98
32.758.91 ▲
24Bought on 17-Dec-2019 @30.37
21.96%
pP+Partial profits +. Very good chance to take some money off the table. Can also be used for shorting with QuickTarget.

Note: This is a live demo portfolio to show how reversal levels work for different types of stocks, not a recommendation to invest in any of those companies.

The daily reversal levels for more than 3000 stocks and ETF are available by monthly subscription.
Comes with full instructions and strategies for using the reversal levels and the MoM indicator in your own trading. Give it a try.

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