| Major indexes | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Name | Close | Tr | Mode | RevL (D) | MoM (D) | Days | P/L % | Action | |
| S&P 500 | ^SPX | 7585.73 | 22 | 7688.81 | -2.54 ▼ | 4 | +0.12% | ||
| Nasdaq 100 | ^NDX | 28937.84 | 22 | 29456.51 | -0.95 ▼ | 3 | +1.34% | ||
| Russell 2000 | ^RUT | 2870.29 | 22 | 2979.43 | -6.88 ▼ | 17 | +4.55% | ||
| Gold (spot) | $XAUUSD | 4294.17 | 3 | 4444.75 | -3.35 ▼ | 10 | +0.85% | ||
| US Oil ETF | USO | 161.86 | 8 | 138.14 | 10.00 ▲ | 25 | +29.75% | ||
| iSh. 20+ Y Tr. Bond ETF | TLT | 80.71 | 10 | 82.26 | -6.25 ▼ | 10 | +1.44% | ||
| Bitcoin | BTC_X | 75585.10 | 3 | ➤ | 78423.87 | -1.43 ▼ | 29 | +17.24% | Sell |
Stock indexes remain under pressure. Nothing dramatic so far, but 7580 is an important level to hold in the SPX. More on that in our daily charts on X.
Bitcoin is giving a daily Sell signal, but remains in a bullish weekly trend. A 17% profit since the Buy signal a month ago. That's never bad for a swing trade.
Stock positions:
CRUS is giving a standard Buy signal, which is an important hurdle to take for spBuy entries. We bought at $108.92 a few weeks ago, so most of the risk is gone from this trade and we are on a nice paper profit.
DECK is down a lot from entry, but is now on another spBuy+. That means we can still hold on. If you prefer to buy in tranches, as we recommend for spBuy trades, then this is where you could add a second tranche. For the purpose of this trading journal we keep it more simple.
RMBS bounces back from its sudden drop on Monday. So, we hold.
With markets sputtering we do not add new positions for the time being.
| Stocks | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Name | Close | Tr | Mode | RevL (D) | MoM (D) | Days | P/L % | Action | R | |
| Standard entries (Buy) - Trend following | ||||||||||
| Antero Resources | AR | 38.83 | 4 | 37.81 | 1.13 ▼ | 33 | +11.68% | -0.59▼ 16 | ||
| Special entries (spBuy or dBuy) - Swing trading | ||||||||||
| RMBS was bought on a dBuy signal at $87.3 ( Sep 8). CRUS was bought on a spBuy++ at $108.92 ( Aug 31). LUV was bought on a spBuy+ signal at $41.75 ( Aug 26). DECK was bought on a spBuy signal at $90 ( Aug 20). | ||||||||||
| Cirrus Logic | CRUS | 122.21 | 11 | ➤ | 117.12 | 1.39 ▲ | 69 | +27.42% | Buy | -0.94▼ 5 |
| Deckers Outdoor | DECK | 77.51 | 7 | 88.09 | -7.35 ▼ | 40 | +25.49% | spBuy+ | -0.92▼ 77 | |
| Southwest Airlines | LUV | 39.28 | 3 | 40.95 | -2.55 ▲ | 25 | +13.10% | -0.08▼ 0 | ||
| Rambus Inc | RMBS | 83.11 | 10 | 90.53 | -2.45 ▼ | 66 | +41.88% | -0.59▼ 2 | ||
Quick start guide (no registration needed): ReversalLevels.pdf.
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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