No. of Recommendations: 5
Index Name: SP500 R1000EW R2000 Transportation Retail Regional Bank BioTech SemiConductor
Symbol: (daily) .SPX EQAL IWM IYT XRT KRE IBB SMH
As of (LastD) 31-May-24 31-May-24 31-May-24 31-May-24 31-May-24 31-May-24 31-May-24 31-May-24
Signal_Status* Bullish Bullish Bullish BEARish Bullish Bullish Bullish Bullish
SignalD_Change 09-Nov-23 20-Nov-23 20-Nov-23 23-May-24 24-Nov-23 07-May-24 15-May-24 09-Nov-23
SinceD_Change 204 193 193 8 189 24 16 204
Confirmed Yes Yes Yes Yes Yes Not Yet Not Yet Yes
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Status_MAC(50) Support Support Support Resistance Support Support Support Support
ROC(50-DMA) 3.0% 2.2% 1.2% -2.2% 1.3% -0.4% -3.7% 8.6%
Status_MAC(200) Support Support Support Support Support Support Support Support
ROC(200-DMA) 16.5% 3.4% 5.2% 11.8% 8.2% -6.2% -0.7% 45.7%
DMAC(50,200) 8.5% 5.4% 6.2% 4.6% 8.7% 4.2% 2.5% 21.9%
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LastD_Price 5277.51 45.50 205.63 64.19 77.42 48.87 133.88 240.43
50-DMA 5181.00 45.01 202.88 66.75 74.52 48.77 132.53 223.87
200-DMA 4773.85 42.68 191.07 63.81 68.54 46.78 129.32 183.61
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# Signals /Yr 2 3 2 3 3 3 11 2
# BuyD /Yr 233 214 221 218 211 96 147 228
# NeutralD /Yr 0 0 0 0 0 0 0 0
# SellD /Yr 19 38 31 34 41 156 105 24
% BuyD /Yr 92% 85% 88% 87% 84% 38% 58% 90%
-- -- -- -- -- -- -- -- --
52wL(Daily) 4117.37 37.43 162.21 52.80 56.84 38.57 112.41 137.46
52wH(Daily) 5321.41 46.19 210.30 70.61 78.99 53.82 140.89 249.83
% Off_52wH 1% 2% 2% 10% 2% 10% 5% NH
LastD_52wH 21-May-24 15-May-24 28-Mar-24 21-Mar-24 28-Mar-24 14-Dec-23 27-Feb-24 28-May-24
SinceD_52wH 10 16 64 71 64 169 94 3
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Modern Family: Symbol: Status:* Confirmed: Roles: (leading indicators that act as a guide for the stock market macro picture)
S&P 500 Index .SPX Bullish Yes - major U.S. market index
Russell 1000EW EQAL Bullish Yes - gauge the health of many Large-cap & Mid-cap companies within the U.S.
Russell 2000 IWM Bullish Yes - gauge the health of many Small-cap & some Micro-cap companies within the U.S.
Transportation IYT BEARish Yes - measure Industry & Manufacture strength - supply and demand
Retail XRT Bullish Yes - measure strength economy and consumer confidence
Regional Banks KRE Bullish Not Yet - measure the health of financial system in the U.S.
BioTech IBB Bullish Not Yet - highly speculated: assesses where money is flowing
SemiConductor SMH Bullish Yes - innovation: a major player technology trends
As of (LastD) --- 31-May-24 31-May-24 ---
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 "Modern Family" signals(2) are not strictly identical to the (@MarketGauge.com) "Phases Tutorial"(6).
Market Phases Rev 20-Apr-2024
- "BEARish" phase when Status_MAC(50) is "RESISTANCE" while ROC(50-DMA) is Negative OR Status_MAC(200) is "RESISTANCE" while ROC(200-DMA) is Negative.
- "Bullish" phase when NOT "BEARish"
- "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)
- "Confirmed" when MAC(50) AND ROC(50-DMA) both agree with "Signal Status" phase.
ROC(50-DMA) = 50*SLOPE(F$458:F$507,$A$458:$A$507)/TREND(F$458:F$507,$A$458:$A$507,$A$458) Where F is 50-DMA and A is Day# (ascending)
ROC(200-DMA) = 200*SLOPE(F$308:F$507,$A$308:$A$507)/TREND(F$308:F$507,$A$308:$A$507,$A$308) Where F is 200-DMA and A is Day# (ascending)
Criteria that Refute- Moving averages do well in trending markets but they generate many false signals in choppy, sideways markets.
Description- After a crossover is identified, it is considered "not yet confirmed". Then additional confirmation is sought by watching the slope of the moving average.
GD_
