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Monday, May 11, 2026

Trading Journal: May 11, 2026

Daily reversal levels as of the close on May 10, 2026
Major indexes
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
S&P 500^SPX7398.92
4
6997.828.51 ▲
22
+9.07%
pP+
Nasdaq 100^NDX29234.99
4
26326.3310.00 ▲
22
+17.32%
Russell 2000^RUT2861.21
4
2710.796.21 ▲
22
+9.51%
Gold (spot)$XAUUSD4724.20
133
4735.74-1.29 ▲
9
-0.80%
US Oil ETFUSO133.59
15
130.382.55 ▼
83
+88.47%
iSh. 20+ Y Tr. Bond ETFTLT86.08
8
86.57-3.46 ▲
45
+2.54%
BitcoinBTC_X82193.54
26
75858.844.79 ▲
33
+14.29%

Runaway stock indexes. It's important not to chase prices. We keep what we have and just add a few chances on good pullbacks.

Stock positions:

IEX was closed at a 9% profit and has been moved to the completed trades list. AJG reached our limit Buy price, so we consider it opened from $200. Now we wait for MoM to turn up, a most important step for spBuy entries, and then we see how much of a rebound we get (if any).

Stocks
NameCloseTrModeRevL (D)MoM (D)DaysP/L %ActionR
Alphabet Cl. CGOOG397.05
5
343.1410.00 ▲
24
+32.29%
0.78▲ 37
Microchip TechnologyMCHP99.09
4
80.9410.00 ▲
23
+37.59%
0.56▲ 11
Special entries (spBuy or dBuy)
AJG was bought on a limit Buy at $200 (May 8).
DLTR was bought on a dBuy signal at $96.09 (May 7).
PAYX was bought on a limit Buy at $92 (Apr 30).
ORLA was bought on a spBuy signal at $13.2 (May 1).
Arthur J. Gallagher & CoAJG198.87
47
213.23-5.76 ▼
10
+6.69%
spBuy
-1.10▼ 40
Dollar Tree IncDLTR94.24
8
101.15-3.80 ▲
48
+19.86%
-0.30▼ 0
Paychex IncPAYX93.93
45
90.911.30 ▲
7
+1.09%
-1.02▼ 42
Orla MiningORLA15.04
1
15.30-2.91 ▲
16
+8.85%
0.91▷ 73

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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