Signal status for Transportation (IYT) changed to "Bearish" and is confirmed.

Index Name:              SP500       R1000EW       R2000    Transportation    Retail   Regional Bank   BioTech   SemiConductor
Symbol: (daily)          .SPX         EQAL          IWM           IYT          XRT          KRE          IBB          SMH
As of (LastD)          24-May-24    24-May-24    24-May-24    24-May-24     24-May-24    24-May-24    24-May-24    24-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             197          186          186           1            182           17           9           197
Confirmed                 Yes          Yes          Yes           Yes          Yes        Not Yet      Not Yet        Yes
--                         --           --           --           --            --           --           --           --
Status_MAC(50)          Support      Support      Support     Resistance     Support      Support      Support      Support
ROC(50-DMA)              3.6%         2.5%         1.8%         -0.7%         2.5%         -1.3%        -3.6%        10.4%
Status_MAC(200)         Support      Support      Support       Support      Support      Support      Support      Support
ROC(200-DMA)             16.3%        3.2%         4.9%         11.7%         7.5%         -7.7%        -1.1%        45.2%
DMAC(50,200)             8.7%         5.6%         6.3%          5.3%         9.1%         4.2%         2.7%         22.1%
--                         --           --           --           --            --           --           --           --
LastD_Price             5304.72       45.31        205.44       63.90         74.93        48.92        135.67       244.26
50-DMA                  5172.68       45.00        202.78       67.19         74.54        48.73        132.73       221.81
200-DMA                 4757.72       42.63        190.79       63.81         68.34        46.75        129.21       181.70
--                         --           --           --           --            --           --           --           --
# Signals /Yr              2            3            4            3             3            3            12           2
# BuyD /Yr                233          210          212           222          207           92          146          228
# NeutralD /Yr             0            0            0            0             0            0            0            0
# SellD /Yr                19           42           40           30            45          160          106           24
% BuyD /Yr                92%          83%          84%           88%          82%          37%          58%          90%
--                         --           --           --           --            --           --           --           --
52wL(Daily)             4115.24       37.43        162.21       52.80         56.84        38.57        112.41       129.34
52wH(Daily)             5321.41       46.19        210.30       70.61         78.99        53.82        140.89       244.26
% Off_52wH                 NH           2%           2%           11%           5%          10%           4%           NH
LastD_52wH             21-May-24    15-May-24    28-Mar-24    21-Mar-24     28-Mar-24    14-Dec-23    27-Feb-24    24-May-24
SinceD_52wH                3            9            57           64            57          162           87           0
      ---                 ---          ---          ---           ---          ---          ---          ---          ---

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)           ---      24-May-24    24-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_

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