Subject: Trends and Ranks 1-Dec-2023
No new signals. Half of the "Modern Family" has "not yet confirmed". Two weeks ago added some smallcap PRFZ and that could not have been any worst timing but it is recovering.
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 281 Not Yet - major U.S. market index
Russell 1000EW EQAL Bullish 270 Yes - gauge the health of 1000 Equal Weighted companies within the U.S.
Russell 1000 IWB Bullish 274 Not Yet - gauge the health of 1000 Giant(45%), Large(32%) & Medium(20%) companies within the U.S.
Russell 2000 IWM Bullish 35 Not Yet - gauge the health of 2000 Small(55%) & Micro(43%) companies within the U.S.
Transportation IYT BEARish 9 Yes - measure Industry & Manufacture strength - supply and demand
Retail XRT Bullish 266 Not Yet - measure strength economy and consumer confidence
Regional Banks KRE Bullish 101 Yes - measure the health of financial system in the U.S.
BioTech IBB Bullish 93 Yes - highly speculated: assesses where money is flowing
SemiConductor SMH Bullish 281 Not Yet - innovation: a major player technology trends
As of (LastD) 16-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 2.6% 246 | Bullish 5.9% 252 | Bullish 6.1% 11 | 3 20.0% Risk_On
SP400 (MDY) Daily Bullish 1.7% 249 | Bullish 5.4% 260 | Bullish 3.9% 11 | 3 20.0% Risk_On
SP500EW (RSP) Daily Bullish 1.9% 249 | Bullish 5.9% 261 | Bullish 1.3% 11 | 3 20.0% Risk_On
SP1500 (ITOT) Daily Bullish 2.8% 274 | Bullish 8.4% 282 | Bullish 2.1% 21 | 3 20.0% Risk_On
SP500 (.SPX) Daily Bullish 2.9% 276 | Bullish 8.9% 283 | Bullish 1.9% 21 | 3 20.0% Risk_On
As of (LastD) 16-Aug-24 --- --- 16-Aug-24 --- --- 16-Aug-24 --- --- --- --- 16-Aug-24
CountIF(Bullish) = 5 5 5 15 100.0% Risk_On
My Rankings Friday, August 16, 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 FUAMX FFNOX FSMAX FSPSX 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 USMV MTUM 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 EDOW QQQE - - - - 2 2 2
5-ROE_GMI (1 thru 10) 5-WtAvg: RRS(12,6,3,1) THC PPC NVDA UTHR RMD VRTX DECK QCOM GWW AMAT 5 8 12
5-ROE_GMI (11 thru 20) 5-WtAvg: RRS(12,6,3,1) LRCX OC WAT VLO A EXPD FAST BLDR LYB STLD -- -- --
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