Saturday, September 23, 2023

RL for Sep 25

Today's reversal levels for major indexes and stocks in our public demo portfolio:
  • Sell signal for Nikkei.
  • Speculative Buy signal for AAL and DLTR.
  • Sell signal for NI and TSLA.
  • Bullish divergence for CDE.

  • 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 September 22, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4320.06
0
 4469.09-4.77 ▼
3
2.98%
UK - FTSE 100^FTSE7683.91
1
 7542.537.08 ▼
9
2.49%
Germany - DAX^DAX15557.29
5
 15817.51-1.60 ▼
3
0.93%
Japan - Nikkei^N22532402.41
34
 32900.511.75 ▼
0
0.00%
Sell
Australia - AOI^AORD7270.00
5
 7422.28-3.36 ▼
2
1.25%
Brazil - BOVESPA^BVSP116008.64
19
 118422.200.63 ▼
1
0.12%
Gold (spot)$XAUUSD1924.99
5
 1917.070.62 ▲
4
-0.40%
EURUSD$EURUSD1.0652
4
 1.0801-3.91 ▲
41
2.95%
Copper (HG)@HG3.6655
21
 3.7649-2.72 ▼
3
1.82%
10 Year T-Note (ZN)@ZN108.69
17
 109.66-3.35 ▼
13
0.90%
Oil (CL)@CL90.03
9
 85.436.65 ▼
17
10.75%
BitcoinBTC_X26583.27
5
 26277.332.59 ▼
4
-0.70%

Daily reversal levels as of the close on September 22, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL12.90
5
 14.33-8.14 ▲
43
22.05%
spBuy
Apple IncAAPL174.79
34
 181.34-3.94 ▲
11
2.00%
Aegon NVAEG4.94
2
 5.070.56 ▼
25
1.59%
Adecoagro SAAGRO11.36
23
 11.310.98 ▼
24
7.68%
C3.ai IncAI24.51
2
 30.39-4.08 ▼
34
35.50%
Amazon.com IncAMZN129.12
22
 139.10-2.65 ▼
2
2.14%
AramarkARMK36.06
7
 37.69-0.15 ▼
1
2.22%
AeroVironment IncAVAV112.33
2
 106.145.47 ▼
16
15.98%
Bank of AmericaBAC27.64
4
 29.18-2.01 ▼
27
7.09%
Beacon Roofing Supply IncBECN76.03
19
 78.82-2.73 ▼
13
2.91%
Coeur MiningCDE2.27
19
 2.45-2.59 ▲▲
40
23.57%
dBuy
CIENA CorpCIEN47.14
3
 46.651.88 ▼
18
11.52%
Coinbase GlobalCOIN70.96
12
 82.28-1.74 ▼
3
9.74%
Dollar Tree IncDLTR104.50
5
 124.29-9.11 ▲
32
29.05%
spBuy
Devon EnergyDVN46.59
0
 50.88-6.84 ▼
7
8.58%
First Solar IncFSLR162.45
5
 179.07-4.08 ▼
12
9.49%
Greenbrier CompaniesGBX40.81
14
 41.80-2.45 ▲
25
5.09%
Alphabet IncGOOGL130.25
27
 135.77-0.75 ▼
2
0.91%
Interactive Brokers GroupIBKR87.87
16
 91.99-3.58 ▼
4
3.52%
IMAX CorpIMAX19.06
8
 18.590.68 ▲
1
-2.56%
Meta PlatformsMETA299.08
35
 304.280.58 ▼
1
0.07%
NiSource IncNI26.69
1
 27.283.21 ▼
0
0.00%
Sell
Intellia TherapeuticsNTLA32.39
11
 36.75-6.78 ▼
43
22.94%
Ralph LaurenRL112.14
5
 117.41-2.74 ▼
30
8.26%
Rockwell AutomationROK281.36
1
 299.15-6.85 ▲
11
7.22%
Sanmina CorpSANM52.66
7
 54.09-2.86 ▲
37
8.02%
Shopify IncSHOP53.08
0
 60.54-5.70 ▼
4
10.29%
Tesla Motors IncTSLA244.88
3
 260.611.64 ▼
0
0.00%
Sell
Uber TechnologiesUBER44.41
36
 47.00-1.11 ▼
1
1.66%
Marriott Vacations WorldwideVAC98.57
28
 106.72-5.22 ▼
41
22.34%

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.

at No comments:
Labels: , , , ,

Friday, September 22, 2023

Charts Sep 22, 2023

As mentioned in my charts and comments for subscribers in recent days, the market has turned acutely bearish and some charts are now offering a pretty ugly look. Early September stands as a lower high and the decline that started in late July is ongoing. We have to wait for signs of a bottom.

Market situation:

* 111 SPX stocks in bullish mode = further downtick and coming close to the below 20% zone, where important lows tend to be made.
* BullsPower at 9, BearsPower at 32. Bears assert themselves even more and we have to see if and when bulls can fight back.
* 130 stocks with upward MoM (green dashed line). Probably going for its next <100 low.
* Market drops below the Watershed envelope. Acutely bearish. And a test of the weekly Watershed (wW) near 4180 is now becoming a very realistic possibility.

* BMO is going down and could go for a -2 extreme low.
* ELC is gathering more downward traction. BUD is weakening as well. Nothing to smile about if you were bullish.

* SPX Rotator is starting to drop a bit faster.
* Both red and green component are in decline.
* Bands are dropping and the lower boundary is at 4272, so there is further room to fall.

* SwX stays red bearish and it hasn't been this bearish since the Oct 2022 lows.
* Daily MoM keeps going down. No signs of a bottom.
* New 3 month lows. The August low didn't put up much of a fight.
* The 4325 level was the August 2022 top and has offered support several times since it was overcome in June. I would expect some buyers to show up here, but if that doesn't happen it could get ugly fast. 4250, where the lower red trendline comes in, would then become the next port of call.

* Icebergs algo update. No "green mountain" since early August. We are now getting "ice in the water", which is the polar opposite of "red lava" that appears in hot bullish conditions near market peaks.
* Ice in the water can appear for just one day, as was the case at the March low, but it can also stretch out over longer periods. Very sharp rebound rally days can happen in those conditions, but such spectacular one day gains do not necessarily hold up long (bull traps).
at No comments:
Labels:

RL for Sep 22

Today's reversal levels for major indexes and stocks in our public demo portfolio:
  • Sell signal for Brazil Bovespa. Failed rally.
  • Buy signal for IMAX.
  • Speculative Buy signal for AAL and DLTR.
  • Sell signal for ARMK, META and UBER.

  • 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 September 21, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4330.00
24
 4478.39-2.98 ▼
2
2.76%
UK - FTSE 100^FTSE7678.62
0
 7530.897.41 ▲
8
2.42%
Germany - DAX^DAX15571.86
4
 15846.10-0.92 ▼
2
0.84%
Japan - Nikkei^N22532571.03
33
 32546.983.27 ▼
15
0.65%
Australia - AOI^AORD7266.60
4
 7441.04-2.12 ▼
1
1.29%
Brazil - BOVESPA^BVSP116145.05
18
 118569.911.67 ▼
0
0.00%
Sell
Gold (spot)$XAUUSD1919.57
4
 1916.900.51 ▲
3
-0.68%
EURUSD$EURUSD1.0658
3
 1.0810-4.01 ▲
40
2.90%
Copper (HG)@HG3.6665
20
 3.7726-1.93 ▼
2
1.79%
10 Year T-Note (ZN)@ZN108.42
16
 109.76-2.99 ▼
12
1.14%
Oil (CL)@CL89.63
8
 85.097.71 ▼
16
10.26%
BitcoinBTC_X26567.49
4
 26255.652.93 ▲
3
-0.76%

Daily reversal levels as of the close on September 21, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL13.06
4
 14.44-8.20 ▲
42
21.09%
spBuy
Apple IncAAPL173.93
33
 181.64-4.02 ▲
10
2.48%
Aegon NVAEG5.01
1
 5.080.80 ▲
24
0.20%
Adecoagro SAAGRO11.46
22
 11.311.88 ▼
23
8.63%
C3.ai IncAI25.65
1
 30.69-3.73 ▼
33
32.50%
Amazon.com IncAMZN129.33
21
 139.71-0.40 ▼
1
1.98%
AramarkARMK36.77
6
 37.780.16 ▲
0
0.00%
Sell
AeroVironment IncAVAV111.35
1
 105.656.42 ▼
15
14.97%
Bank of AmericaBAC28.05
3
 29.28-0.92 ▼
26
5.71%
Beacon Roofing Supply IncBECN75.33
18
 79.07-2.48 ▼
12
3.81%
Coeur MiningCDE2.12
18
 2.46-2.75 ▼
39
28.62%
CIENA CorpCIEN46.89
2
 46.633.42 ▼
17
10.93%
Coinbase GlobalCOIN74.42
11
 82.74-0.62 ▼
2
5.34%
Dollar Tree IncDLTR105.50
4
 125.51-9.14 ▲
31
28.37%
spBuy+
Devon EnergyDVN46.41
7
 51.20-5.61 ▼
6
8.93%
First Solar IncFSLR166.24
4
 180.44-3.72 ▼
11
7.38%
Greenbrier CompaniesGBX41.22
13
 41.83-3.91 ▲
24
4.14%
Alphabet IncGOOGL130.44
26
 136.161.00 ▼
1
0.76%
Interactive Brokers GroupIBKR89.06
15
 92.27-2.62 ▼
3
2.22%
IMAX CorpIMAX19.47
7
 18.540.02 ▲
0
0.00%
Buy
Meta PlatformsMETA295.73
34
 304.201.13 ▼
0
0.00%
Sell
NiSource IncNI27.06
0
 26.924.96 ▼
9
0.56%
Intellia TherapeuticsNTLA33.53
10
 37.04-6.05 ▼
42
20.22%
Ralph LaurenRL112.24
4
 117.71-2.31 ▼
29
8.18%
Rockwell AutomationROK278.94
0
 300.67-6.93 ▼
10
8.01%
Sanmina CorpSANM52.75
6
 54.17-3.44 ▲
36
7.86%
Shopify IncSHOP53.70
2
 61.00-3.85 ▼
3
9.24%
Tesla Motors IncTSLA255.70
2
 250.433.46 ▼
16
0.59%
Uber TechnologiesUBER44.60
35
 47.110.53 ▼
0
0.00%
Sell
Marriott Vacations WorldwideVAC99.18
27
 107.39-5.14 ▲
40
21.86%

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.

at No comments:
Labels: , , , ,

Thursday, September 21, 2023

RL for Sep 21

Today's reversal levels for major indexes and stocks in our public demo portfolio:
  • Sell signal for Australia AOI.
  • Partial profits signal for Oil.
  • Buy signal for ARMK.
  • Speculative Buy signal for AAL and DLTR.
  • Sell signal for AMZN and GOOGL.
  • Bearish continuation for BAC. 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 September 20, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4402.20
24
 4484.47-1.16 ▼
1
1.14%
UK - FTSE 100^FTSE7731.65
0
 7514.037.36 ▲
7
3.13%
Germany - DAX^DAX15781.59
4
 15854.06-0.47 ▲
1
-0.50%
Japan - Nikkei^N22533023.78
33
 32546.684.09 ▲
14
2.05%
Australia - AOI^AORD7361.90
4
 7450.48-1.29 ▼
0
0.00%
Sell
Brazil - BOVESPA^BVSP118695.32
18
 117061.132.34 ▲
5
0.44%
Gold (spot)$XAUUSD1929.68
4
 1917.280.33 ▲
2
-0.16%
EURUSD$EURUSD1.0659
3
 1.0820-4.12 ▲
39
2.89%
Copper (HG)@HG3.7465
20
 3.7752-0.99 ▼
1
-0.35%
10 Year T-Note (ZN)@ZN109.19
16
 109.83-2.44 ▼
11
0.44%
Oil (CL)@CL90.28
8
 84.808.25 ▼
15
11.06%
pP
BitcoinBTC_X27126.17
4
 26243.052.92 ▲
2
1.33%

Daily reversal levels as of the close on September 20, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL13.06
4
 14.55-8.28 ▼
41
21.09%
spBuy
Apple IncAAPL175.49
33
 182.00-4.13 ▲
9
1.60%
Aegon NVAEG5.06
1
 5.080.31 ▲
23
-0.80%
Adecoagro SAAGRO11.64
22
 11.292.65 ▼
22
10.33%
C3.ai IncAI26.40
1
 30.98-3.50 ▼
32
30.53%
Amazon.com IncAMZN135.29
21
 140.102.06 ▼
0
0.00%
Sell
AramarkARMK37.84
6
 36.90-0.20 ▲
0
0.00%
Buy
AeroVironment IncAVAV112.30
1
 105.247.67 ▼
14
15.95%
Bank of AmericaBAC28.55
3
 29.34-0.28 ▼
25
4.03%
AddSh
Beacon Roofing Supply IncBECN76.60
18
 79.33-2.02 ▼
11
2.18%
Coeur MiningCDE2.20
18
 2.48-2.33 ▲
38
25.93%
CIENA CorpCIEN47.96
2
 46.615.15 ▼
16
13.46%
Coinbase GlobalCOIN76.67
11
 83.160.37 ▼
1
2.48%
Dollar Tree IncDLTR111.30
4
 126.52-9.14 ▲
30
24.43%
spBuy
Devon EnergyDVN47.88
7
 51.47-4.01 ▼
5
6.04%
First Solar IncFSLR169.24
4
 181.88-3.38 ▼
10
5.71%
Greenbrier CompaniesGBX39.31
13
 41.84-5.30 ▲
23
8.58%
Alphabet IncGOOGL133.74
26
 136.402.73 ▼
0
0.00%
Sell
Interactive Brokers GroupIBKR90.67
15
 92.44-1.75 ▼
2
0.45%
IMAX CorpIMAX18.56
7
 19.08-0.63 ▲
18
1.80%
Meta PlatformsMETA299.67
34
 295.931.95 ▼
11
-0.68%
NiSource IncNI27.59
0
 26.915.84 ▲
8
2.53%
Intellia TherapeuticsNTLA33.99
10
 37.38-5.24 ▼
41
19.13%
Ralph LaurenRL115.07
4
 117.93-1.86 ▼
28
5.87%
Rockwell AutomationROK285.17
0
 302.15-6.90 ▲
9
5.96%
Sanmina CorpSANM52.66
6
 54.28-3.93 ▲
35
8.02%
Shopify IncSHOP56.97
2
 61.34-1.68 ▼
2
3.72%
Tesla Motors IncTSLA262.59
2
 250.154.91 ▼
15
3.30%
Uber TechnologiesUBER46.55
35
 45.902.20 ▼
14
-0.30%
Marriott Vacations WorldwideVAC101.95
27
 107.96-5.28 ▲
39
19.68%

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.

at No comments:
Labels: , , , ,
Subscribe to: Posts (Atom)