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Wednesday, June 3, 2026

Trading Journal: June 3, 2026

Daily reversal levels as of the close on June 2, 2026
Major indexes
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
S&P 500^SPX7609.77
7
7317.008.16 ▲
38
+12.18%
Nasdaq 100^NDX30660.60
7
28291.339.18 ▲
38
+23.04%
pP+
Russell 2000^RUT2931.96
7
2821.435.67 ▲
38
+12.22%
Gold (spot)$XAUUSD4488.00
136
4606.48-2.14 ▲
26
+4.24%
US Oil ETFUSO137.27
18
140.29-3.47 ▲
5
-4.48%
iSh. 20+ Y Tr. Bond ETFTLT85.65
11
84.913.12 ▲
3
-0.19%
BitcoinBTC_X66758.17
29
76270.81-6.14 ▼
14
+13.11%

Bitcoin has fallen below the important $70k level. Not unexpected. Stays double red, so no signs of a tradeable bottom yet.

Stock positions:

DOW was entered on spBuy at $34.56.
Today we have a Sell signal for GOOG, which means we will take our profit at today's Open. A 20% move is always nice. With trend following it is normal to give back a portion of the profits by the time a Sell signal happens.
For shorter term trades, aiming to sell near a top, we use spBuy and pP signals as explained in our more advanced strategies.

Stocks
NameCloseTrModeRevL (D)MoM (D)DaysP/L %ActionR
Cognizant Technology SolutionsCTSH55.14
15
51.336.13 ▲
6
+5.94%
-1.12▼ 50
Alphabet Cl. CGOOG358.39
8
376.09-2.21 ▼
40
+19.41%
Sell
0.79▲ 40
Microchip TechnologyMCHP96.96
7
88.031.17 ▲
39
+34.63%
0.63▲ 14
Special entries (spBuy or dBuy)
DOW was bought on a spBuy signal at $34.56 (Jun2 2).
INGM was bought on a spBuy signal at $25.77 (May 20).
OTIS was bought on a spBuy+ signal at $71.83 (May 22).
Dow IncDOW34.72
20
37.06-5.38 ▲
17
+7.44%
0.67▷ 10
Ingram MicroINGM31.64
25
26.896.32 ▲
2
+12.00%
0.90▲ 9
Otis WorldwideOTIS70.33
11
74.20-4.16 ▼
60
+20.14%
-0.90▼ 50

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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