Subject: Trends and Ranks 23-Aug-2024
New IYT "Bullish" signal "not yet confirmed". Smallcaps fortunately had a nice uptick today thank you.
Modern Family Symbol Status ChgD Confirmed Roles: (leading indicators that act as a guide for the stock market macro picture)
S&P 500 Index .SPX Bullish 288 Yes - major U.S. market index
Russell 1000EW EQAL Bullish 277 Yes - gauge the health of 1000 Equal Weighted companies within the U.S.
Russell 1000 IWB Bullish 281 Yes - gauge the health of 1000 Giant(45%), Large(32%) & Medium(20%) companies within the U.S.
Russell 2000 IWM Bullish 42 Yes - gauge the health of 2000 Small(55%) & Micro(43%) companies within the U.S.
Transportation IYT Bullish 2 Not Yet - measure Industry & Manufacture strength - supply and demand
Retail XRT Bullish 273 Yes - measure strength economy and consumer confidence
Regional Banks KRE Bullish 108 Yes - measure the health of financial system in the U.S.
BioTech IBB Bullish 100 Yes - highly speculated: assesses where money is flowing
SemiConductor SMH Bullish 288 Not Yet - innovation: a major player technology trends
As of (LastD) 23-Aug-24 More Details: Posted end of month by mapg on the Mechanical Investing board (shrewdm.com)
Market Trends POs(24w) PPO Status MAC(10m) MAC Status DBE(5m) %Off Mode CountIF Allocation Risk
Intermediate-Term Status (30,120) ChgD Status (TPw,210) ChgD Status Hi(99) NH(105) Bullish Eq-Wt Gauges
SP600 (IJR) Daily Bullish 2.8% 253 | Bullish 8.0% 259 | Bullish 3.3% 16 | 3 20.0% Risk_On
SP400 (MDY) Daily Bullish 2.0% 256 | Bullish 7.5% 267 | Bullish 1.2% 16 | 3 20.0% Risk_On
SP500EW (RSP) Daily Bullish 2.3% 256 | Bullish 7.9% 268 | Bullish NEW 0 | 3 20.0% Risk_On
SP1500 (ITOT) Daily Bullish 3.1% 281 | Bullish 10.8% 289 | Bullish 0.5% 26 | 3 20.0% Risk_On
SP500 (.SPX) Daily Bullish 3.2% 283 | Bullish 11.1% 290 | Bullish 0.5% 26 | 3 20.0% Risk_On
As of (LastD) 23-Aug-24 --- --- 23-Aug-24 --- --- 23-Aug-24 --- --- --- --- 23-Aug-24
CountIF(Bullish) = 5 5 5 15 100.0% Risk_On
My Rankings Friday, August 23, 2024 1 2 3 4 5 6 7 8 9 10 Sell Buy HTD
1-MAA: Long-Term (BRKB) 1-WtAvg: RRS(12,6,3,1) BRKB FXAIX FSPSX FFNOX FSMAX FUAMX FXNAX FBIIX - - -- -- BRKB
2-MAA: Multi-Asset ETF's 2-WtAvg: RRS(12,6,3,1) AOA AOR AOM AOK IYLD RLY - - - - 2 2 2
3-QAA: Market ETF's 3-WtAvg: RRS(12,6,3,1) USRT PRF PRFZ TLT IEFA CMDY PSQ SDS - - 4 3 1
4-QAA: Enhanced ETF's 4-WtAvg: RRS(12,6,3,1) LRGF QUAL MTUM USMV SIZE EFAV VLUE COMT - - 4 3 1
6-QEW: Equal-Wt'd ETF's 6-WtAvg: RRS(12,6,3,1) EQWL RSP EUSA EQAL QQQE EDOW - - - - 2 2 2
5-ROE_GMI (1 thru 10 of 25) 5-WtAvg: RRS(12,6,3,1) THC PPC NVDA UTHR RMD DECK VRTX AMAT QCOM GWW 5 12 8
5-ROE_GMI (11 thru 20) 5-WtAvg: RRS(12,6,3,1) LRCX OC WAT BLDR A EXPD FAST VLO LYB STLD -- -- --
GD_