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Monday, May 4, 2026

Trading Journal: May 4, 2026

Daily reversal levels as of the close on May 3, 2026
Major indexes
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
S&P 500^SPX7230.11
3
6896.818.21 ▼
17
+6.58%
Nasdaq 100^NDX27710.36
3
25759.429.15 ▼
17
+11.20%
pP+
Russell 2000^RUT2812.82
3
2678.245.31 ▼
17
+7.66%
Gold (spot)$XAUUSD4610.02
132
4756.80-2.64 ▼
4
+1.64%
US Oil ETFUSO142.80
14
127.267.02 ▲
78
+101.47%
iSh. 20+ Y Tr. Bond ETFTLT85.61
7
86.91-3.53 ▼
40
+3.07%
BitcoinBTC_X78556.51
25
74070.252.19 ▲
26
+9.23%

Stock positions:

ORLA was entered at $13.20 and is still on a spBuy signal. The RevL is at $15.68, so there is quite a bit of rebound potential before a standard Buy signal may happen. Once MoM turns up we will see what is in it for this stock.
XOM, our other spBuy trade, is much closer to its RevL, but is hesitating just below it. We need to monitor that and get out if MoM turns back down.

Stocks
NameCloseTrModeRevL (D)MoM (D)DaysP/L %ActionR
Arista NetworksANET172.70
3
155.837.06 ▼
18
+20.77%
0.61▲ 40
Alphabet Cl. CGOOG383.22
4
328.329.41 ▲
19
+27.68%
pP+
0.75▲ 36
Idex CorpIEX214.93
21
200.236.45 ▲
17
+9.04%
0.34▲ 8
Microchip TechnologyMCHP93.95
3
76.3410.00 ▲
18
+30.45%
0.49▲ 10
Special entries (spBuy or dBuy)
XOM was bought on a spBuy signal at $147.16 (Apr 21).
PAYX was bought on a limit Buy at $92 (Apr 30).
ORLA was bought on a spBuy signal at $13.2 (May 1).
Paychex IncPAYX93.02
44
90.591.06 ▲
2
+0.11%
-1.02▼ 41
Orla MiningORLA13.30
0
15.68-6.83 ▼
11
+19.39%
spBuy
0.99▷ 72
Exxon Mobil CorpXOM152.75
35
155.62-0.31 ▲
17
+2.62%
0.69▲ 10

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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