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Thursday, April 16, 2026

Trading Journal: Apr 16, 2026

Daily reversal levels as of the close on April 15, 2026
Major indexes
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
S&P 500^SPX7022.21
0
6625.418.66 ▲
5
+3.52%
Nasdaq 100^NDX26198.64
0
24270.838.62 ▲
5
+5.14%
Russell 2000^RUT2713.66
0
2551.678.23 ▲
5
+3.87%
Gold (spot)$XAUUSD4790.87
129
4665.522.03 ▲
1
-1.02%
US Oil ETFUSO122.59
11
114.742.01 ▼
66
+72.95%
iSh. 20+ Y Tr. Bond ETFTLT86.83
4
87.490.18 ▲
28
+1.69%
BitcoinBTC_X74831.35
22
69761.344.62 ▲
8
+4.05%

New record highs for SPX. But MoM is well above 8, so if you missed the move completely then it's better to wait for some pullback to get in.
Bonds TLT remains a dead market, simply chopping just below 90. That will not continue forever, but we have to be patient for a good setup.

Stock positions:

We will be adding DUOL as new special entry today. The stock has had an awful decline since last May and it is very oversold. DUOL is on a dBuy signal and with the RevL at $101.10 it wouldn't take much to get into bullish mode for the first time lince October (121 days of bearish mode).

Catching such "falling knives" is risky. But if the stock does break out then it can easily climb 20-30%. Always consider your risk/reward.

Stocks
NameCloseTrModeRevL (D)MoM (D)DaysP/L %ActionR
Arista NetworksANET154.33
0
134.028.71 ▲
6
+7.92%
0.34▲ 37
Alphabet Cl. CGOOG334.47
1
302.688.67 ▲
7
+11.44%
pP+
0.75▲ 33
Idex CorpIEX199.43
18
192.466.22 ▲
5
+1.18%
0.32▲ 5
Microchip TechnologyMCHP74.49
0
66.598.14 ▲
6
+3.43%
pP
0.32▲ 7
Pepsico IncPEP154.72
3
154.030.99 ▼
4
-1.55%
0.15▲ 1
Textron IncTXT90.49
3
89.992.60 ▲
2
-2.64%
0.38▲ 8
Special entries (spBuy or dBuy)
PPLT was bought on a dBuy signal at $172.43 (Mar 31).
DUOL is on a dBuy signal and will be added at today's Open.
DuolingoDUOL98.78
40
101.10-2.14 ▲
121
+68.39%
dBuy
-1.79▼ 31
abrdn Physical Platinum ETFPPLT192.71
2
180.304.14 ▲
5
+3.69%
1.13▲ 48

Bullish
Weak bullish
Bearish
Mild bearish

Instructions

Quick start guide (no registration needed): ReversalLevels.pdf.

List with completed trades.

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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