Subject: Trends and Ranks 19-Jul-2024
Transportation IYT and Russell 2000 IWM somehow turned "Bullish" during the last two weeks while three of eight are "not yet confirmed" including SMH.
Modern Family Symbol Status StatusD Confirmed Roles: (leading indicators that act as a guide for the stock market macro picture)
S&P 500 Index .SPX Bullish 253 Yes - major U.S. market index
Russell 1000EW EQAL Bullish 242 Yes - gauge the health of 1000 Equal Weighted companies within the U.S.
Russell 1000 IWB Bullish 246 Yes - gauge the health of 1000 Giant(45%), Large(32%) & Medium(20%) companies within the U.S.
Russell 2000 IWM Bullish 7 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 238 Not Yet - measure strength economy and consumer confidence
Regional Banks KRE Bullish 73 Yes - measure the health of financial system in the U.S.
BioTech IBB Bullish 65 Yes - highly speculated: assesses where money is flowing
SemiConductor SMH Bullish 253 Not Yet - innovation: a major player technology trends
As of (LastD) 19-Jul-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 2.2% 218 | Bullish 11.5% 224 | Bullish NEW 1 | 3 20.0% Risk_On
SP400 (MDY) Daily Bullish 2.3% 221 | Bullish 10.4% 232 | Bullish NEW 1 | 3 20.0% Risk_On
SP500EW (RSP) Daily Bullish 2.1% 221 | Bullish 8.6% 233 | Bullish NEW 1 | 3 20.0% Risk_On
SP1500 (ITOT) Daily Bullish 4.7% 246 | Bullish 13.6% 254 | Bullish NEW 2 | 3 20.0% Risk_On
SP500 (.SPX) Daily Bullish 5.1% 248 | Bullish 14.0% 255 | Bullish NEW 2 | 3 20.0% Risk_On
As of (LastD) 19-Jul-24 --- --- 19-Jul-24 --- --- 19-Jul-24 --- --- --- --- 19-Jul-24
CountIF(Bullish) = 5 5 5 15 100.0% Risk_On
My Rankings Friday, July 19, 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) FXAIX BRKB FSPSX FFNOX FSMAX FBIIX FXNAX FUAMX - - -- -- BRKB
2-MAA: Multi-Asset ETF's 2-WtAvg: RRS(12,6,3,1) AOA AOR AOM AOK RLY IYLD - - - - 2 2 2
3-QAA: Market ETF's 3-WtAvg: RRS(12,6,3,1) PRF PRFZ IEFA USRT CMDY TLT SH PSQ - - 4 3 1
4-QAA: Enhanced ETF's 4-WtAvg: RRS(12,6,3,1) MTUM QUAL LRGF USMV SIZE VLUE COMT EFAV - - 4 2 2
6-QEW: Equal-Wt'd ETF's 6-WtAvg: RRS(12,6,3,1) EQWL EUSA QQQE RSP EDOW EQAL - - - - 2 3 1
5-ROE_GMI 5-WtAvg: RRS(12,6,3,1) NVDA THC AMAT DECK UTHR LRCX DVA VRTX OC GWW 5 5 15
(11 thru 20 of 25) STLD AOS VLO MPC A ZTS BLDR ON EXPD WAT -- -- --
GD_