Subject: Modern Family 13-Oct-2023
Modern Family: Symbol: Status:* MAC(50) Slope(MA) MAC(200) Slope(MA) Roles (leading indicators that act as a guide for the stock market macro picture)
S&P 500 Index .SPX Caution Resistance -0.1% Support 6.6% - major U.S. market index
Russell 1000EW EQAL BEARish Resistance -1.5% Resistance -0.3% - gauge the health of many Large-Mid companies within the U.S.
Russell 2000 IWM Caution Resistance -2.6% Resistance 0.7% - gauge the health of many Small-Micro companies within the U.S.
Transportation IYT Caution Resistance -1.8% Resistance 4.9% - measure Industry & Manufacture strength - supply and demand
Retail XRT BEARish Resistance -2.5% Resistance -1.7% - measure strength economy and consumer confidence
Regional Banks KRE Caution Resistance 0.7% Resistance -30.4% - measure the health of financial system in the U.S.
BioTech IBB Caution Resistance -1.9% Resistance 5.0% - highly speculated: assesses where money is flowing
SemiConductor SMH Caution Resistance -2.0% Support 23.8% - innovation: a major player technology trends
As of --- 13-Oct-23 --- --- --- --- ---
The "Economic Modern Family" (MarketGauge.com) is a combination of one market index and 5 varying sectors & groups for "Market Analysis".
Trend indicators that give you an overall weekly gauge of how aggressive or not to be on the long or short side.
*My "Economic Modern Family" signals(3) are not strictly identical to the MarketGauge.com "Phases Tutorial"(6). Rev 9/19/2023
Market Phases
- "BEARish" phase is when the closing price is below the 50-Day and 200-Day moving averages for at least 5 days, while both MA slopes are Negative.
- "Bullish" phase is when the closing price is above the 50-Day and 200-Day moving averages for at least 5 days, while both MA slopes are Positive.
- "Cautionary Warning" phase is when the moving average crossovers(MAC) and MA slopes are not "BEARish" or "Bullish".
- "Support" is the level(floor) at which demand is strong enough to stop the stock from falling any further. (MAC positive 5d)
- "Resistance" is the level(ceiling) at which supply is strong enough to stop the stock from moving higher. (MAC negative 5d)
GD_