Subject: Trends and Ranks 20-Sep-24
New "Bearish" SemiConductor (SMH) and confirmed. New "Bullish" Retail (XRT) not yet confirmed.
All Modern Family were "RED" today IYT & KRE down 2+%. REIT (USRT) has gained a little but down for the week.
Modern Family Symbol Status ChgD Confirmed Roles: (leading indicators that act as a guide for the stock market macro picture)
S&P 500 Index SPY Bullish 315 Yes - major U.S. market index
Russell 1000EW EQAL Bullish 304 Yes - gauge the health of 1000 Equal Weighted companies within the U.S.
Russell 1000 IWB Bullish 308 Yes - gauge the health of 1000 Giant(45%), Large(32%) & Medium(20%) companies within the U.S.
Russell 2000 IWM Bullish 69 Yes - gauge the health of 2000 Small(55%) & Micro(43%) companies within the U.S.
Transportation IYT Bullish 29 Yes - measure Industry & Manufacture strength - supply and demand
Retail XRT Bullish 0 Not Yet - measure strength economy and consumer confidence
Regional Banks KRE Bullish 135 Yes - measure the health of financial system in the U.S.
BioTech IBB Bullish 127 Yes - highly speculated: assesses where money is flowing
SemiConductor SMH BEARish 7 Yes - innovation: a major player technology trends
As of (LastD) 19-Sep-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 Risk
Intermediate-Term Status (30,120) ChgD Status (TPw,210) ChgD Status Hi(99) NH(105) Bullish Gauges
SP600 (IJR) Daily Bullish 2.9% 281 | Bullish 8.4% 287 | Bullish 1.7% 35 | 3 | Risk_On
SP400 (MDY) Daily Bullish 2.1% 284 | Bullish 7.0% 295 | Bullish 0.2% 35 | 3 | Risk_On
SP500EW (RSP) Daily Bullish 3.2% 284 | Bullish 8.6% 296 | Bullish NEW 1 | 3 | Risk_On
SP1500 (ITOT) Daily Bullish 3.3% 309 | Bullish 9.8% 317 | Bullish NEW 1 | 3 | Risk_On
SP500 (.SPX) Daily Bullish 3.3% 311 | Bullish 9.8% 318 | Bullish NEW 1 | 3 | Risk_On
As of (LastD) 20-Sep-24 --- --- 20-Sep-24 --- --- 20-Sep-24 --- --- --- 20-Sep-24
CountIF(Bullish) = 5 5 5 15 Risk_On
My Rankings Friday, September 20, 2024 1 2 3 4 5 6 7 8 9 10 Buy HTD Sell
1-MAA: Long-Term (BRKB) 1-WtAvg: ROC(12,6,3,1) BRKB FXAIX FUAMX FXNAX FSMAX FFNOX FSPSX FBIIX - - -- BRKB --
2-MAA: Multi-Asset ETF's 2-WtAvg: ROC(12,6,3,1) AOA AOR AOM AOK IYLD RLY - - - - 2 2 2
3-QAA: Market ETF's 3-WtAvg: ROC(12,6,3,1) USRT PRF PRFZ TLT IEFA CMDY PSQ SDS - - 3 1 4
4-QAA: Enhanced ETF's 4-WtAvg: ROC(12,6,3,1) USMV LRGF QUAL MTUM SIZE EFAV VLUE COMT - - 3 1 4
6-QEW: Equal-Wt'd ETF's 6-WtAvg: ROC(12,6,3,1) EQWL RSP EUSA EQAL EDOW QQQE - - - - 2 2 2
5-ROE_GMI (1 thru 10 of 25) 5-WtAvg: ROC(12,6,3,1) THC PPC FIX DVA RMD NVDA EME UTHR LMT IBM 12 8 5
5-ROE_GMI (11 thru 20) 5-WtAvg: ROC(12,6,3,1) META PODD DECK GWW RPM ZTS QCOM A AMAT EXPD -- -- --
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