Saturday, November 18, 2023

RevL for Nov 20

SPX is still inching up and has now gone "double green" with the weekly trend also bullish.

Daily reversal levels as of the close on November 17, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4514.02
0
 4358.818.74 ▲
11
4.15%
pP
UK - FTSE 100^FTSE7504.25
4
 7394.001.31 ▲
2
0.23%
Germany - DAX^DAX15919.16
0
 15252.458.65 ▲
11
4.71%
Japan - Nikkei^N22533585.20
1
 32214.518.28 ▲
10
3.50%
pP
Australia - AOI^AORD7261.00
13
 7154.205.44 ▲
10
1.20%
Brazil - BOVESPA^BVSP124773.21
2
 118270.948.92 ▲
9
5.60%
pP
Gold (spot)$XAUUSD1980.01
4
 1945.50-0.54 ▲
1
-0.04%
EURUSD$EURUSD1.0907
0
 1.06836.26 ▲
10
1.68%
Copper (HG)@HG3.7375
29
 3.63503.61 ▲
4
0.93%
10 Year T-Note (ZN)@ZN108.75
25
 107.383.96 ▲
10
0.48%
Oil (CL)@CL75.89
2
 80.97-4.72 ▲
19
11.91%
BitcoinBTC_X36626.32
4
 34195.793.68 ▼
32
28.43%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL12.29
13
 11.774.32 ▲
3
-0.49%
Apple IncAAPL189.69
1
 179.748.79 ▲
11
8.87%
pP
Aegon NVAEG5.38
2
 4.988.88 ▲
14
10.93%
Adecoagro SAAGRO10.47
31
 10.79-3.30 ▲
7
-0.58%
C3.ai IncAI29.31
10
 26.344.84 ▲
11
7.32%
Amazon.com IncAMZN145.18
30
 137.236.42 ▼
14
9.36%
AramarkARMK27.71
2
 26.850.67 ▼
1
-0.14%
AeroVironment IncAVAV125.02
10
 118.966.26 ▼
25
11.77%
Bank of AmericaBAC29.98
0
 27.748.00 ▲
11
6.46%
Beacon Roofing Supply IncBECN80.52
0
 73.537.90 ▲
11
10.36%
Coeur MiningCDE2.52
27
 2.30-1.83 ▲
1
0.40%
CIENA CorpCIEN45.19
5
 43.275.30 ▼
5
2.92%
Coinbase GlobalCOIN99.05
20
 86.587.37 ▲
11
18.21%
pP
Dollar Tree IncDLTR115.00
13
 112.192.84 ▼
11
0.00%
Devon EnergyDVN45.36
8
 46.60-2.89 ▲
16
3.86%
First Solar IncFSLR155.02
13
 143.390.96 ▲
3
3.35%
Greenbrier CompaniesGBX37.86
3
 36.191.07 ▲
2
1.42%
Alphabet IncGOOGL135.31
1
 130.714.60 ▲
3
0.33%
Interactive Brokers GroupIBKR79.19
5
 82.49-1.51 ▼
27
9.45%
IMAX CorpIMAX17.07
5
 17.96-3.99 ▼
27
8.77%
Meta PlatformsMETA335.04
43
 315.926.66 ▼
10
6.03%
NiSource IncNI26.08
7
 25.181.47 ▲
3
0.62%
Intellia TherapeuticsNTLA28.12
19
 26.19-0.92 ▲
0
0.00%
Buy
Ralph LaurenRL121.75
0
 115.685.84 ▲
10
5.39%
Rockwell AutomationROK275.26
9
 265.801.74 ▲
1
0.09%
Sanmina CorpSANM49.78
15
 50.78-2.57 ▲
8
-8.88%
Shopify IncSHOP68.34
2
 58.249.43 ▲
11
14.17%
pP
Tesla Motors IncTSLA234.30
4
 218.994.26 ▲
3
-2.09%
Uber TechnologiesUBER54.44
2
 48.0010.00 ▲
11
16.03%
Marriott Vacations WorldwideVAC80.24
36
 85.67-4.40 ▲
81
36.78%



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, November 17, 2023

Charts Nov 17, 2023

Little change in SPX. Could this market suddenly add another 100 points? Yes. We can see that any little pullback seems to get bought immediately. Some traders are still scrambling to get in on a move they have missed. So, it's not easy to call the short term at this point. A bit of a pullback is my base scenario, but it could be short and shallow.

Market situation:

* 395 SPX stocks in bullish mode = small downtick and back below 80%. That's a bit of a red flag on an up day with a new multi-month closing high.
* BullsPower at 26, BearsPower at 20. Bulls with the upper hand, but a new tug of war would start if BullsPower drops below 25.
* 385 stocks with upward MoM (green dashed line). Downtick, making a small bearish divergence.
* The dW climbs to 4334 and the market keeps closing above the Envelope.
* Number of pP signals at 155. Stays very elevated. +10% readings usually set the stage for "a" top.

* BMO keeps sliding down.
* BUD and ELC stay bullish.
* Blue Snake keeps catching up on prices. Look for price action to come within the narrower blue channel.

* SPX Rotator is climbing.
* The market is still too far above the Bands. A stalling market is one of the ways to fix that.

* SwX is green - bullish.
* Daily MoM keeps climbing in the +8 peak zone. It's visibly slowing and could turn down today.
* The rate of change since the late October low is clearly unsustainable. Once that green trendline gives way the drop could be rather sharp.

* Icebergs chart is showing some dramatic changes since we had that ultra-rare "pink salmon" bottom fishing opportunity in late Oct.
* And this week we got "gold on the beach" with green mountain making its comeback. While "gold" anywhere in the chart usually indicates a peak, gold on the beach normally foretells "gold on the mountain" later on. This would mean a higher high is coming up (higher than the current 4500) later this year or next year. Also note the temperature has warmed (orange sky). That was a long cold spell.
* The last case of gold on the beach was in February. And even though the market dipped after that high it did go on to gold on the mountain several months later.
* For more info about Icebergs charts: https://lunatictrader.com/2017/08/04/icebergs-3/
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RevL for Nov 17

SPX is stalling near 4500 and it keeps giving a partial profits (pP) signal.
Buy signal for gold, which has had quite a few failed rallies recently. Maybe this will be the one.
Daily reversal levels as of the close on November 16, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4508.24
7
 4343.048.58 ▲
10
4.01%
pP
UK - FTSE 100^FTSE7410.97
3
 7392.120.98 ▲
1
-1.01%
Germany - DAX^DAX15786.61
12
 15196.198.16 ▲
10
3.83%
pP
Japan - Nikkei^N22533424.41
0
 32083.118.10 ▲
9
3.00%
pP
Australia - AOI^AORD7269.50
12
 7143.755.23 ▲
9
1.32%
Brazil - BOVESPA^BVSP124639.24
1
 117530.138.55 ▲
8
5.48%
pP+
Gold (spot)$XAUUSD1980.85
3
 1943.69-1.45 ▲
0
0.00%
Buy
EURUSD$EURUSD1.0850
11
 1.06645.51 ▲
9
1.15%
Copper (HG)@HG3.7045
28
 3.62952.61 ▲
3
0.04%
10 Year T-Note (ZN)@ZN108.86
24
 107.253.66 ▲
9
0.58%
Oil (CL)@CL72.90
1
 81.44-4.85 ▼
18
15.38%
BitcoinBTC_X36162.42
3
 34078.474.46 ▼
31
26.80%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL12.19
12
 11.754.16 ▲
2
-1.30%
Apple IncAAPL189.71
0
 178.848.73 ▲
10
8.88%
pP
Aegon NVAEG5.37
1
 4.958.46 ▲
13
10.72%
Adecoagro SAAGRO10.40
30
 10.81-3.70 ▲
6
0.10%
C3.ai IncAI29.03
9
 26.124.57 ▲
10
6.30%
Amazon.com IncAMZN142.83
29
 136.587.11 ▼
13
7.59%
AramarkARMK27.65
1
 26.781.21 ▼
0
0.00%
wBuy
AeroVironment IncAVAV126.28
9
 118.396.55 ▲
24
12.90%
Bank of AmericaBAC29.54
11
 27.507.10 ▲
10
4.90%
Beacon Roofing Supply IncBECN79.09
4
 73.096.92 ▲
10
8.40%
Coeur MiningCDE2.48
26
 2.29-3.30 ▲
0
0.00%
Buy
CIENA CorpCIEN44.22
4
 43.205.39 ▲
4
0.71%
Coinbase GlobalCOIN96.92
19
 85.387.33 ▼
10
15.67%
Dollar Tree IncDLTR113.70
12
 112.043.38 ▼
10
-1.13%
Devon EnergyDVN44.29
7
 46.70-3.27 ▼
15
6.13%
First Solar IncFSLR154.51
12
 142.50-0.57 ▲
2
3.01%
Greenbrier CompaniesGBX36.66
2
 36.130.42 ▲
1
-1.79%
Alphabet IncGOOGL136.93
0
 130.454.06 ▲
2
1.53%
Interactive Brokers GroupIBKR78.50
4
 82.73-0.77 ▼
26
10.23%
IMAX CorpIMAX16.92
4
 18.05-3.73 ▼
26
9.57%
Meta PlatformsMETA334.19
42
 314.486.66 ▲
9
5.76%
NiSource IncNI25.77
6
 25.110.59 ▲
2
-0.58%
Intellia TherapeuticsNTLA26.02
18
 28.08-1.54 ▼
5
-3.83%
Ralph LaurenRL120.70
12
 114.935.10 ▲
9
4.48%
Rockwell AutomationROK272.78
8
 265.210.22 ▲
0
0.00%
Buy
Sanmina CorpSANM48.67
14
 50.87-3.59 ▲
7
-6.45%
Shopify IncSHOP67.28
1
 57.339.35 ▲
10
12.40%
pP
Tesla Motors IncTSLA233.59
3
 218.403.74 ▲
2
-2.38%
Uber TechnologiesUBER54.42
1
 47.4610.00 ▲
10
15.98%
Marriott Vacations WorldwideVAC81.47
35
 85.99-5.59 ▲
80
35.82%



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, November 16, 2023

RL for Nov 16

Some follow through buying in the SPX and other markets. But the move appears stretched and SPX stays on a pP signal (partial profits).
We also see more pP signals for individual stocks.

Daily reversal levels as of the close on November 15, 2023
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
US - S&P 500^SPX4502.88
7
 4326.948.33 ▲
9
3.89%
pP
UK - FTSE 100^FTSE7486.91
3
 7390.090.78 ▲
0
0.00%
Buy
Germany - DAX^DAX15748.17
12
 15137.777.00 ▲
9
3.58%
pP
Japan - Nikkei^N22533519.70
0
 31938.967.81 ▲
8
3.29%
pP
Australia - AOI^AORD7316.70
12
 7130.864.81 ▲
8
1.97%
Brazil - BOVESPA^BVSP123165.76
1
 116841.838.23 ▲
7
4.24%
pP
Gold (spot)$XAUUSD1959.09
3
 1966.03-2.02 ▲
3
-1.16%
EURUSD$EURUSD1.0846
11
 1.06434.66 ▲
8
1.11%
Copper (HG)@HG3.7175
28
 3.62251.94 ▲
2
0.39%
10 Year T-Note (ZN)@ZN108.22
24
 107.153.43 ▼
8
-0.01%
Oil (CL)@CL76.66
1
 81.92-4.77 ▲
17
11.02%
BitcoinBTC_X37884.19
3
 33979.675.27 ▼
30
32.84%

NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
American Airlines GroupAAL12.42
12
 11.733.72 ▲
1
0.57%
Apple IncAAPL188.01
0
 177.908.55 ▲
9
7.90%
pP
Aegon NVAEG5.15
1
 4.927.81 ▲
12
6.19%
Adecoagro SAAGRO10.54
30
 10.84-3.84 ▲
5
-1.25%
C3.ai IncAI29.99
9
 25.954.25 ▲
9
9.81%
Amazon.com IncAMZN143.20
29
 136.228.06 ▼
12
7.87%
AramarkARMK27.04
1
 27.572.32 ▼
1
-2.70%
AeroVironment IncAVAV128.42
9
 117.696.27 ▲
23
14.81%
pP
Bank of AmericaBAC29.62
11
 27.276.27 ▲
9
5.18%
Beacon Roofing Supply IncBECN78.89
4
 72.675.93 ▲
9
8.13%
Coeur MiningCDE2.35
26
 2.46-4.39 ▲
6
-2.17%
CIENA CorpCIEN46.39
4
 43.165.22 ▲
3
5.65%
Coinbase GlobalCOIN98.15
19
 84.047.47 ▲
9
17.14%
pP
Dollar Tree IncDLTR118.72
12
 112.013.94 ▲
9
3.23%
Devon EnergyDVN45.52
7
 46.83-3.27 ▲
14
3.52%
First Solar IncFSLR152.42
12
 141.59-2.15 ▲
1
1.61%
Greenbrier CompaniesGBX37.42
2
 36.12-0.10 ▲
0
0.00%
Buy
Alphabet IncGOOGL134.62
0
 130.123.04 ▲
1
-0.19%
Interactive Brokers GroupIBKR80.18
4
 82.91-0.02 ▼
25
8.31%
AddSh
IMAX CorpIMAX17.12
4
 18.16-3.31 ▼
25
8.50%
Meta PlatformsMETA332.71
42
 313.236.49 ▲
8
5.29%
NiSource IncNI25.75
6
 25.03-0.27 ▲
1
-0.66%
Intellia TherapeuticsNTLA26.58
18
 28.17-1.52 ▲
4
-6.07%
Ralph LaurenRL123.92
12
 114.194.14 ▲
8
7.27%
Rockwell AutomationROK270.17
8
 271.48-1.39 ▲
20
2.35%
Sanmina CorpSANM50.10
14
 50.92-4.52 ▲
6
-9.58%
Shopify IncSHOP67.85
1
 56.369.27 ▲
9
13.35%
pP+
Tesla Motors IncTSLA242.84
3
 217.442.73 ▲
1
1.48%
Uber TechnologiesUBER53.76
1
 46.949.88 ▲
9
14.58%
pP+
Marriott Vacations WorldwideVAC84.74
35
 86.09-7.39 ▲
79
33.24%



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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