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Wednesday, July 8, 2026

Trading Journal: July 8, 2026

Daily reversal levels as of the close on July 7, 2026
Major indexes
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
S&P 500^SPX7503.85
12
7405.431.77 ▲
4
+0.33%
Nasdaq 100^NDX29173.02
12
29863.27-0.39 ▼
16
-0.71%
Sell
Russell 2000^RUT2982.49
12
2956.972.80 ▼
16
+1.76%
Gold (spot)$XAUUSD4126.63
4
4223.89-1.46 ▲
51
+11.95%
US Oil ETFUSO108.92
1
114.96-6.84 ▲
20
+19.29%
iSh. 20+ Y Tr. Bond ETFTLT84.55
0
86.41-2.38 ▼
3
+0.97%
BitcoinBTC_X63304.00
34
61610.371.48 ▲
1
-1.10%

NDX is giving a Sell signal, which means a failed rally. RUT is also not far away from a Sell signal. There has been some rotation into the lagging SPX names, which is holding up a bit better.

Stock positions:

The more defensive names in our stock list are benefiting from the weakness in high-flying tech stocks.
We will be adding TRMB, on a standard Buy signal, at today's Open. We last sold this stock at $67 in late Feb and now we can pick it back up around $53.
With the markets rather sideways/choppy it is better more emphasis on shorter term spBuy entries, but we can still add an occasional standard Buy.

Stocks
NameCloseTrModeRevL (D)MoM (D)DaysP/L %ActionR
Expand EnergyEXE89.56
12
88.750.98 ▲
4
-1.96%
-0.94▼ 46
Trimble IncTRMB53.73
24
51.622.16 ▲
41
+16.96%
Buy
-1.11▼ 25
Xylem IncXYL120.65
22
113.167.17 ▲
13
+7.84%
pP
-0.95▼ 30
Special entries (spBuy or dBuy)
DOW was bought on a spBuy signal at $26.80 (July 1).
AA was bought on a spBuy+ signal at $53.93 (June 29).
NFLX was bought on a dBuy signal at $81.87 (June 11).
ZS was bought on a spBuy signal at $128.11 (June 9).
Alcoa IncAA49.01
1
60.07-8.40 ▲
17
+26.11%
spBuy
0.80▷ 30
Dow IncDOW28.64
1
31.67-8.26 ▲
40
+23.65%
0.28▷ 15
Netflix IncNFLX76.18
10
79.69-2.79 ▲
53
+18.96%
-0.75▼ 33
Zscaler IncZS149.50
32
133.245.56 ▲
5
+10.63%
-1.28▼ 27

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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