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Monday, August 3, 2026

Trading Journal: Aug 3, 2026

Daily reversal levels as of the close on August 2, 2026
Major indexes
NameCloseTrModeRevL (D)MoM (D)DaysP/L %Action
S&P 500^SPX7489.72
16
7495.28-2.49 ▲
10
-0.01%
Nasdaq 100^NDX28274.20
16
28733.34-5.22 ▲
11
+0.64%
Russell 2000^RUT2931.34
16
2977.50-2.12 ▼
17
+1.08%
Gold (spot)$XAUUSD4050.84
8
4116.540.10 ▲
3
-0.50%
US Oil ETFUSO129.17
0
118.025.39 ▼
14
+7.06%
iSh. 20+ Y Tr. Bond ETFTLT82.25
2
84.40-6.06 ▼
21
+3.67%
BitcoinBTC_X63500.00
38
64798.76-1.63 ▼
2
-1.08%

SPX is very close to yet another Buy signal. This kind of choppy sideways condition are not favorable for trend following methods, so we stay patient and add some spBuy candidates. spBuy signals can be used for swing trading, which doesn't need big trending moves to work.

Stock positions:

VMI was bought at $482.49, and is still on a spBuy signal. MoM turns up and that means a rebound move can start.

Stocks
NameCloseTrModeRevL (D)MoM (D)DaysP/L %ActionR
Antero ResourcesAR36.14
12
34.062.04 ▲
2
+3.94%
-0.65▼ 10
Boston ScientificBSX46.73
45
44.022.61 ▲
4
+0.67%
-1.53▼ 45
Pfizer IncPFE25.01
12
24.521.94 ▼
12
+0.28%
-0.66▼ 180
Special entries (spBuy or dBuy)
VMI was bought on a spBuy signal at $482.49 (July 31).
NFLX was bought on a spBuy++ signal at $67.66 (July 20).
AA was bought on a spBuy+ signal at $53.93 (June 29).
Alcoa IncAA45.26
5
51.40-4.35 ▲
35
+31.77%
0.24▷ 34
Netflix IncNFLX71.71
14
74.06-0.49 ▲
71
+23.71%
-0.83▼ 37
Valmont IndustriesVMI481.70
12
521.83-7.58 ▲
18
+10.28%
spBuy
0.71▷ 90

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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