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Monday, June 8, 2026

Trading Journal: June 8, 2026

Daily reversal levels as of the close on June 7, 2026
Major indexes
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
S&P 500^SPX7383.73
8
7348.895.90 ▼
41
+8.85%
Nasdaq 100^NDX28957.60
8
28603.508.19 ▼
41
+16.21%
Russell 2000^RUT2833.50
8
2886.703.71 ▼
41
+8.45%
Sell
Gold (spot)$XAUUSD4316.41
0
4572.74-2.54 ▼
29
+7.90%
US Oil ETFUSO133.02
19
140.00-2.15 ▲
2
-2.67%
Sell
iSh. 20+ Y Tr. Bond ETFTLT85.06
12
84.973.08 ▼
6
-0.87%
BitcoinBTC_X63331.27
30
72373.55-9.54 ▼
19
+17.57%

Steep drop last Friday. RUT is on a Sell signal already. SPX and NDX are staying just above their RevL and stay weak bullish for now.

Stock positions:

We have a Sell signal for MCHP. That means we will close it at today's Open.
GEHC is giving a Buy signal. We will add it at the Open today. There was a previous trade with GEHC in March, and it was closed at $70.39 on April 2 (See: Completed Trades). We will now pick this stock back up around $64, which is a significant reduction in our cost basis. This is how you can benefit from declines without going short.

Stocks
NameCloseTrModeRevL (D)MoM (D)DaysP/L %ActionR
Cognizant Technology SolutionsCTSH53.21
16
51.624.12 ▼
9
+2.23%
-1.13▼ 51
GE HealthcareGEHC64.67
13
62.74-0.23 ▲
31
+8.90%
Buy
-0.94▼ 105
Microchip TechnologyMCHP88.34
8
93.600.68 ▼
42
+22.66%
Sell
0.64▲ 15
Zimmer Biomet HoldingsZBH87.33
11
84.170.77 ▲
1
-0.31%
-0.76▼ 146
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).
Dow IncDOW33.97
21
36.51-3.99 ▲
20
+9.44%
0.64▷ 11
Ingram MicroINGM29.51
26
27.398.91 ▲
5
+4.46%
0.93▲ 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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