No. of Recommendations: 7
All eight daily prices continue to stay below their 50 day Moving average again this week.
Index Name: SP500 R1000EW R2000 Transportation Retail Regional Bank BioTech SemiConductor
Symbol: (daily) .SPX EQAL IWM IYT XRT KRE IBB SMH
As of (LastD) 19-Apr-24 19-Apr-24 19-Apr-24 19-Apr-24 19-Apr-24 19-Apr-24 19-Apr-24 19-Apr-24
Signal_Status* Bullish Bullish Bullish Bullish Bullish BEARish BEARish Bullish
SignalD_Change 09-Nov-23 20-Nov-23 20-Nov-23 20-Nov-23 20-Dec-23 28-Mar-24 19-Apr-24 09-Nov-23
SinceD_Change 162 151 151 151 121 22 0 162
Confirmed(50) No No No No No Yes No No
-- -- -- -- -- -- -- -- --
Status_MAC(50) Resistance Resistance Resistance Resistance Resistance Resistance Resistance Support
ROC(50-DMA) 8.2% 3.6% 4.6% 7.0% 8.1% -5.5% 1.8% 25.8%
Status_MAC(200) Support Support Support Support Support Support Resistance Support
ROC(200-DMA) 15.5% 2.0% 3.5% 11.4% 4.2% -16.0% -2.3% 43.4%
DMAC(50,200) 9.5% 5.3% 6.8% 8.5% 11.1% 3.9% 4.9% 25.0%
-- -- -- -- -- -- -- -- --
LastD_Price 4967.23 43.58 193.14 65.86 71.17 47.32 124.72 199.21
50-DMA 5118.31 44.60 202.48 69.10 74.81 48.12 135.01 216.70
200-DMA 4674.08 42.35 189.60 63.68 67.35 46.33 128.67 173.29
-- -- -- -- -- -- -- -- --
# Signals /Yr 2 6 6 6 5 3 13 2
# BuyD /Yr 233 154 159 176 109 67 132 228
# NeutralD /Yr 0 30 26 30 31 11 32 0
# SellD /Yr 19 68 67 46 112 174 88 24
% BuyD /Yr 92% 61% 63% 70% 43% 27% 52% 90%
-- -- -- -- -- -- -- -- --
52wL(Daily) 4055.99 37.43 162.21 52.80 56.84 36.08 112.41 119.59
52wH(Daily) 5254.35 46.19 210.30 70.61 78.99 53.82 140.89 234.17
% Off_52wH 6% 6% 9% 7% 11% 14% 13% 18%
LastD_52wH 28-Mar-24 28-Mar-24 28-Mar-24 21-Mar-24 28-Mar-24 14-Dec-23 27-Feb-24 07-Mar-24
SinceD_52wH 22 22 22 29 22 127 52 43
--- --- --- --- --- --- --- --- ---
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 No - major U.S. market index
Russell 1000EW EQAL Bullish No - gauge the health of many Large-cap & Mid-cap companies within the U.S.
Russell 2000 IWM Bullish No - gauge the health of many Small-cap & some Micro-cap companies within the U.S.
Transportation IYT Bullish No - measure Industry & Manufacture strength - supply and demand
Retail XRT Bullish No - measure strength economy and consumer confidence
Regional Banks KRE BEARish Yes - measure the health of financial system in the U.S.
BioTech IBB BEARish No - highly speculated: assesses where money is flowing
SemiConductor SMH Bullish No - innovation: a major player technology trends
As of (LastD) --- 19-Apr-24 19-Apr-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(3) are not strictly identical to the (@MarketGauge.com) "Phases Tutorial"(6).
Market Phases Rev 19-Apr-2024
- "BEARish" phase when the closing price is below the 50-Day OR 200-Day moving averages for at least 5 days, while ROC(MA) is Negative.(1o2)
- "Bullish" phase when the closing price is above the 50-Day OR 200-Day moving averages for at least 5 days, while either ROC(MA) is Positive.(2o4)
- "Cautionary Warning" phase when the phases 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)
- "Confirmed" is when MAC(50) AND Slope(50-DMA) both agree with "Signal Status" phase.
ROC(50-SMA) = 50*SLOPE(F$458:F$507,$A$458:$A$507)/INTERCEPT(F$458:F$507,$A$458:$A$507-$A$458)
ROC(200-SMA) = 200*SLOPE(F$308:F$507,$A$308:$A$507)/INTERCEPT(F$308:F$507,$A$308:$A$507-$A$308)
GD_
