Friday, April 28, 2023

RL for Apr 28

Today's reversal levels for major indexes and stocks in our public demo portfolio:
  • Weak Buy signal for S&P 500. Bouncing right back. Possible bull trap.
  • Buy signal for Bitcoin.
  • Buy signal for ROK.
  • Weak Buy signal for AEG and AGRO. Possible bull trap.
  • Speculative Buy signal for CIEN.
  • Bullish continuation for GOOGL. Can add to 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 April 27, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4135.35
3Has been in bullish trend for 3 weeks. Weekly RevL: 3968.36
4075.950.00 ▼
0Buy at next Open
0.00%
wBuyMode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
UK - FTSE 100^FTSE7831.58
1Has been in bullish trend for 1 weeks. Weekly RevL: 7587.21
7746.724.20 ▼
16Bought on 04-Apr-2023 @7673.00
2.07%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
Germany - DAX^DAX15800.45
24Has been in bullish trend for 24 weeks. Weekly RevL: 14914.46
15608.502.87 ▼
19Bought on 30-Mar-2023 @15429.38
2.40%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
Japan - Nikkei^N22528457.68
12Has been in bullish trend for 12 weeks. Weekly RevL: 27325.83
28193.724.59 ▼
12Bought on 12-Apr-2023 @27985.93
1.69%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
China - SSEC^SSEC3285.88
13Has been in bullish trend for 13 weeks. Weekly RevL: 3204.97
3324.91-2.93 ▼
4Sold on 24-Apr-2023 @3300.81
0.45%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
Australia - AOI^AORD7482.20
1Has been in bullish trend for 1 weeks. Weekly RevL: 7340.93
7441.793.40 ▼
15Bought on 04-Apr-2023 @7416.40
0.89%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
Brazil - BOVESPA^BVSP102923.31
19Has been in bearish trend for 19 weeks. Weekly RevL: 108133.48
104423.88-0.37 ▼
1Sold on 27-Apr-2023 @102309.98
-0.60%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
Gold (spot)$XAUUSD1987.87
23Has been in bullish trend for 23 weeks. Weekly RevL: 1848.59
1966.78-0.46 ▼
34Bought on 13-Mar-2023 @1867.51
6.44%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
EURUSD$EURUSD1.1027
23Has been in bullish trend for 23 weeks. Weekly RevL: 1.0546
1.08722.70 ▲
28Bought on 21-Mar-2023 @1.0720
2.86%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
10 Year T-Note (ZN)@ZN114.73
5Has been in bullish trend for 5 weeks. Weekly RevL: 113.10
114.270.11 ▲
33Bought on 13-Mar-2023 @112.53
1.96%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
Oil (CL)@CL74.76
1Has been in bullish trend for 1 weeks. Weekly RevL: 74.79
78.83-2.80 ▼
1Sold on 27-Apr-2023 @74.38
-0.51%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
BitcoinBTC_X29485.09
5Has been in bullish trend for 5 weeks. Weekly RevL: 22732.03
27877.14-2.36 ▲
0Buy at next Open
0.00%
BuyMode turns bullish. Buy at next Open or put in a limit order to buy on weakness.

Daily reversal levels as of the close on April 27, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL12.88
5Has been in bearish trend for 5 weeks. Weekly RevL: 15.20
13.77-3.44 ▼
33Sold on 13-Mar-2023 @15.02
14.25%
Mode turns bullish. Buy at next Open or put in a limit order to buy on weakness.
Apple IncAAPL168.41
12Has been in bullish trend for 12 weeks. Weekly RevL: 150.77
161.711.94 ▼
70Bought on 18-Jan-2023 @136.82
23.09%
Mode turns bullish. Buy at next Open or put in a limit order to buy on weakness.
Aegon NVAEG4.50
6Has been in bearish trend for 6 weeks. Weekly RevL: 4.98
4.390.51 ▼
0Buy at next Open
0.00%
wBuyMode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
Adecoagro SAAGRO8.43
1Has been in bullish trend for 1 weeks. Weekly RevL: 7.78
8.07-1.34 ▼
0Buy at next Open
0.00%
wBuyMode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
C3.ai IncAI17.59
12Has been in bullish trend for 12 weeks. Weekly RevL: 18.12
22.41-4.77 ▼
15Sold on 06-Apr-2023 @21.16
16.87%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
Amazon.com IncAMZN109.82
0Has been in bullish trend for 0 weeks. Weekly RevL: 95.69
101.363.83 ▲
30Bought on 16-Mar-2023 @95.75
14.69%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
AramarkARMK34.36
10Has been in bearish trend for 10 weeks. Weekly RevL: 38.97
35.41-2.58 ▼
55Sold on 08-Feb-2023 @39.21
12.37%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
AeroVironment IncAVAV100.19
11Has been in bullish trend for 11 weeks. Weekly RevL: 91.00
102.62-1.24 ▼
1Sold on 27-Apr-2023 @100.02
-0.17%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
Bank of AmericaBAC28.89
6Has been in bearish trend for 6 weeks. Weekly RevL: 32.11
29.710.79 ▼
2Sold on 26-Apr-2023 @28.76
-0.45%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
Beacon Roofing Supply IncBECN58.86
5Has been in bearish trend for 5 weeks. Weekly RevL: 60.75
59.551.20 ▼
1Sold on 27-Apr-2023 @57.60
-2.19%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
Coeur MiningCDE3.49
3Has been in bullish trend for 3 weeks. Weekly RevL: 3.38
3.84-4.70 ▼
4Sold on 24-Apr-2023 @3.63
3.86%
Mode turns bullish, but MoM still points down. Weak Buy signal. Buy at next Open or put in a limit order to buy on weakness.
CIENA CorpCIEN45.59
0Has been in bearish trend for 0 weeks. Weekly RevL: 51.37
48.69-7.82 ▼
8Sold on 18-Apr-2023 @48.95
6.86%
spBuySpeculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
Coinbase GlobalCOIN54.17
11Has been in bullish trend for 11 weeks. Weekly RevL: 55.26
63.75-3.93 ▼
6Sold on 20-Apr-2023 @63.23
14.33%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
Dollar Tree IncDLTR153.37
0Has been in bullish trend for 0 weeks. Weekly RevL: 141.92
147.143.66 ▲
17Bought on 04-Apr-2023 @148.10
3.56%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
Devon EnergyDVN52.25
19Has been in bearish trend for 19 weeks. Weekly RevL: 58.30
53.75-0.39 ▼
1Sold on 27-Apr-2023 @52.51
0.50%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
First Solar IncFSLR200.83
38Has been in bullish trend for 38 weeks. Weekly RevL: 175.26
212.56-1.08 ▼
1Sold on 27-Apr-2023 @200.59
-0.12%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
Greenbrier CompaniesGBX26.54
6Has been in bearish trend for 6 weeks. Weekly RevL: 32.57
30.25-6.53 ▼
9Sold on 17-Apr-2023 @29.52
10.09%
Speculative Buy. Good potential for a short term bounce. Can be used with QuickTarget.
Alphabet IncGOOGL107.59
5Has been in bullish trend for 5 weeks. Weekly RevL: 96.03
103.21-0.08 ▲
30Bought on 16-Mar-2023 @96.20
11.84%
AddBullish continuation. Can add to long positions if you took partial profits earlier on.
Interactive Brokers GroupIBKR77.93
36Has been in bullish trend for 36 weeks. Weekly RevL: 76.29
81.73-2.32 ▼
2Sold on 26-Apr-2023 @78.72
1.00%
Bullish continuation. Can add to long positions if you took partial profits earlier on.
IMAX CorpIMAX19.97
14Has been in bullish trend for 14 weeks. Weekly RevL: 16.91
20.03-0.17 ▼
1Sold on 27-Apr-2023 @19.43
-2.78%
Bullish continuation. Can add to long positions if you took partial profits earlier on.
Meta PlatformsMETA238.56
13Has been in bullish trend for 13 weeks. Weekly RevL: 159.46
206.361.75 ▲
101Bought on 01-Dec-2022 @119.20
100.13%
Bullish continuation. Can add to long positions if you took partial profits earlier on.
NiSource IncNI28.55
3Has been in bullish trend for 3 weeks. Weekly RevL: 26.90
28.041.21 ▼
20Bought on 30-Mar-2023 @27.68
3.14%
Bullish continuation. Can add to long positions if you took partial profits earlier on.
Intellia TherapeuticsNTLA36.29
80Has been in bearish trend for 80 weeks. Weekly RevL: 45.42
37.82-0.53 ▼
5Sold on 21-Apr-2023 @35.91
-1.06%
Bullish continuation. Can add to long positions if you took partial profits earlier on.
Ralph LaurenRL114.74
23Has been in bullish trend for 23 weeks. Weekly RevL: 109.85
116.91-2.50 ▼
2Sold on 26-Apr-2023 @112.39
-2.09%
Bullish continuation. Can add to long positions if you took partial profits earlier on.
Rockwell AutomationROK283.62
25Has been in bullish trend for 25 weeks. Weekly RevL: 270.18
274.60-1.38 ▲
0Buy at next Open
0.00%
BuyMode turns bullish. Buy at next Open or put in a limit order to buy on weakness.
Sanmina CorpSANM51.67
5Has been in bearish trend for 5 weeks. Weekly RevL: 60.39
56.45-7.82 ▼
15Sold on 06-Apr-2023 @57.69
10.44%
Mode turns bullish. Buy at next Open or put in a limit order to buy on weakness.
Shopify IncSHOP47.59
13Has been in bullish trend for 13 weeks. Weekly RevL: 41.31
45.841.52 ▼
26Bought on 22-Mar-2023 @45.71
4.11%
Mode turns bullish. Buy at next Open or put in a limit order to buy on weakness.
Tesla Motors IncTSLA160.19
0Has been in bearish trend for 0 weeks. Weekly RevL: 200.86
179.32-7.18 ▼
11Sold on 13-Apr-2023 @182.96
12.45%
Mode turns bullish. Buy at next Open or put in a limit order to buy on weakness.
Uber TechnologiesUBER29.70
14Has been in bullish trend for 14 weeks. Weekly RevL: 29.67
31.36-2.63 ▼
4Sold on 24-Apr-2023 @30.68
3.19%
Mode turns bullish. Buy at next Open or put in a limit order to buy on weakness.
Marriott Vacations WorldwideVAC133.05
6Has been in bearish trend for 6 weeks. Weekly RevL: 144.84
137.481.77 ▼
1Sold on 27-Apr-2023 @133.64
0.44%
Mode turns bullish. Buy at next Open or put in a limit order to buy on weakness.

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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