| Major indexes | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Name | Close | Tr | Mode | RevL (D) | MoM (D) | Days | P/L % | Action | |
| S&P 500 | ^SPX | 6775.80 | 42 | 6864.36 | -2.75 ▼ | 6 | +0.82% | ||
| Nasdaq 100 | ^NDX | 24965.01 | 42 | 25130.53 | -0.35 ▲ | 6 | -0.46% | ||
| Russell 2000 | ^RUT | 2543.70 | 39 | 2627.46 | -4.63 ▼ | 6 | +2.97% | ||
| Gold (spot) | $XAUUSD | 5181.99 | 124 | 5025.06 | 0.86 ▼ | 26 | +3.72% | ||
| US Oil ETF | USO | 108.05 | 6 | 84.57 | 10.00 ▲ | 42 | +52.44% | ||
| iSh. 20+ Y Tr. Bond ETF | TLT | 87.14 | 3 | 89.44 | -4.51 ▼ | 4 | +1.34% | ||
| Bitcoin | BTC_X | 70205.19 | 17 | 71181.84 | 0.49 ▲ | 4 | -4.38% | ||
Still a weak market, so we stay cautious.
Stock positions:
Not a great entry price for PDD. Limit orders at $104 and even $103 would have been filled. But for the purpose of this trading journal we keep things simple and use the Open price ($104.63).
A reader asked why we still enter trades if the market may have peaked?
Unless the market has fallen below important support levels with no signs of a bottom, it is good to keep taking at least some chances, depending on how many open positions you still have. Just be more selective when the situation leans more bearish. Choose stocks that have gone through a solid decline already, or sectors that have a weak correlation with the overall market.
Currently stock indexes are in bearish mode, but still in a weak bullish trend (Tr). If indexes go double red, then you can stop taking on new positions for a while. But there is usually a bull market somewhere.
| Stocks | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Name | Close | Tr | Mode | RevL (D) | MoM (D) | Days | P/L % | Action | R | |
| Exelon Corp | EXC | 48.84 | 3 | 47.57 | 3.25 ▼ | 20 | +8.80% | -0.35▷ 30 | ||
| PDD Holdings | PDD | 102.94 | 15 | 102.08 | -1.22 ▲ | 1 | -1.62% | -0.68▼ 78 | ||
| Shopify | SHOP | 129.52 | 6 | 122.65 | 3.14 ▼ | 5 | +0.85% | 0.32▷ 69 | ||
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Hover or tap on an item in the "Action" column for strategic advice.
Hover or tap in the "Days" column to see details for the current position (based on "Mode").
Hover or tap in the weekly trend ("Tr") column to get the weekly reversal level.
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Note: This trading journal is not a recommendation to invest in the mentioned companies.
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