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    Stock Market Recap for

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    Index Trend Table

    Index % Chg ADX Long Term Mid Term Short Term Signals
    Wilshire 5000 -0.29% Strong Up Up Down New Downtrend
    S&P 500 -0.29% Strong Up Up Down
    NASDAQ-100 -0.16% Strong Up Up Down New Downtrend
    Russell 2000 -0.28% Weak or Absent Up Up Down 20 DMA Support
    Dow -0.21% Strong Up Up Down MACD Bearish Signal Line Cross

    Key Indicators

    % of Stocks Above Their 50-Day Moving Averages*
    * The market becomes oversold in the mid-to-low 20s. See more...

    Top 5 Technical Signals for the Day*

    * Excluding range contraction signals.
    Count Alert Type
    575 Pocket Pivot Bullish Swing Setup
    511 Fell Below 20 DMA Bearish
    456 20 DMA Support Bullish
    420 MACD Bearish Signal Line Cross Bearish
    410 Lower Bollinger Band Walk Weakness

    Unusually Active Signals for the Day

    % Above Normal Alert Type
    341 Stochastic Reached Oversold Weakness
    330 Gilligan's Island Buy Setup Bullish Swing Setup
    208 New Downtrend Bearish
    185 MACD Bearish Centerline Cross Bearish
    176 Bullish Engulfing Bullish

    Unusually Active Stocks

    Symbol Grade Name % Change Vol Surge Signals
    UPWK B Upwork Inc. 44.23% 11.42 Crossed Above 20 DMA, Crossed Above 200 DMA, Expansion Breakout, MACD Bullish Signal Line Cross, Parabolic Rise, Pocket Pivot, Volume Surge, Wide Range Bar
    KRP D Kimbell Royalty P... -8.00% 11.35 Doji - Bullish?, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, Slingshot Bullish, Upper Bollinger Band Walk, Volume Surge, Wide Range Bar
    PAG A Penske Automotive... -0.31% 8.29 Calm After Storm, NR7, Volume Surge
    AVDV B Avantis Internati... 0.12% 8.22 Pocket Pivot, Volume Surge
    DXC F DXC Technology Co... -29.44% 8.21 Expansion Breakdown, Expansion Pivot Sell Setup, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross, New 52 Week Closing Low, New 52 Week Low, New Downtrend, Volume Surge, Wide Range Bar
    CORT A Corcept Therapeut... 24.91% 8.05 Expansion Breakout, New 52 Week Closing High, New 52 Week High, Pocket Pivot, Upper Bollinger Band Walk, Volume Surge, Wide Range Bar
    DRVN F Driven Brands Hol... 5.79% 7.48 Jack-in-the-Box Bearish, Lower Bollinger Band Walk, New Downtrend, Volume Surge
    EDV F Vanguard Extended... -3.17% 6.45 Lower Bollinger Band Walk, Volume Surge
    RELY A Remitly Global, Inc. 20.58% 6.31 Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Breakout, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, New 52 Week Closing High, New 52 Week High, Pocket Pivot, Volume Surge, Wide Range Bar
    VAC F Marriot Vacations... -10.74% 6.20 Expansion Breakdown, Expansion Pivot Sell Setup, MACD Bearish Centerline Cross, New 52 Week Closing Low, New 52 Week Low, Stochastic Reached Oversold, Volume Surge

    Stocks with the Most Bullish Signals Today*

    * 'Most', as in 'largest number of' not necessarily the most likely to move higher.
    Symbol Grade Name % Change Vol Surge Signals
    NARI C Inari Medical, Inc. 21.64% 3.36 Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Breakout, Expansion Pivot Buy Setup, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross, Pocket Pivot, Volume Surge, Wide Range Bar
    AMK D AssetMark Financi... 2.34% 1.29 200 DMA Support, 50 DMA Resistance, Bullish Engulfing, MACD Bearish Centerline Cross, Morning Star, Stochastic Buy Signal, Wide Range Bar
    ZETA D Zeta Global Holdi... 13.64% 2.73 Calm After Storm, Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Breakout, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, Pocket Pivot
    MD B Mednax, Inc. 6.66% 1.28 Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Breakout, Expansion Pivot Buy Setup, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross, Pocket Pivot, Wide Range Bar
    MLM B Martin Marietta M... 0.65% 1.66 180 Bullish Setup, 50 DMA Support, Bollinger Band Squeeze, Bullish Engulfing, Crossed Above 20 DMA, Hammer Candlestick, New Downtrend, Wide Range Bar
    WBD C Warner Bros. Disc... 2.71% 1.55 Bollinger Band Squeeze, Bullish Engulfing, Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup
    RELY B Remitly Global, Inc. 20.58% 6.31 Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Breakout, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, New 52 Week Closing High, New 52 Week High, Pocket Pivot, Volume Surge, Wide Range Bar
    CLX B Clorox Company (The) 8.96% 3.70 Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Breakout, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, New Uptrend, Pocket Pivot, Volume Surge, Wide Range Bar
    RNR C RenaissanceRe Hol... 2.05% 0.96 200 DMA Support, 50 DMA Support, Crossed Above 20 DMA, MACD Bullish Centerline Cross
    VC D Visteon Corporation 3.91% 2.87 180 Bullish Setup, 200 DMA Support, 50 DMA Support, Bollinger Band Squeeze, Bullish Engulfing, Crossed Above 20 DMA, Cup with Handle, Expansion Pivot Buy Setup, Pocket Pivot, Wide Range Bar

    Stocks with the Most Bearish Signals Today*

    * 'Most', as in 'largest number of' not necessarily the most likely to move lower.
    Symbol Grade Name % Change Vol Surge Signals
    HST C Host Hotels & Res... -7.41% 3.19 Cup with Handle, Doji - Bullish?, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, Gilligan's Island Buy Setup, Lizard Bullish, MACD Bearish Signal Line Cross, Stochastic Sell Signal, Volume Surge, Wide Range Bar
    DXC B DXC Technology Co... -29.44% 8.21 Expansion Breakdown, Expansion Pivot Sell Setup, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross, New 52 Week Closing Low, New 52 Week Low, New Downtrend, Volume Surge, Wide Range Bar
    KD B Kyndryl Holdings,... -8.40% 2.57 180 Bearish Setup, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, Wide Range Bar
    MAGN F Magnera Corporation -20.90% 5.09 Expansion Breakdown, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross, MACD Bearish Signal Line Cross, Volume Surge, Wide Range Bar
    LMND B Lemonade, Inc. -21.57% 2.77 180 Bearish Setup, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, New Downtrend, Wide Range Bar
    AFG A American Financia... -8.15% 3.46 Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, New 52 Week Low, Stochastic Sell Signal, Volume Surge, Wide Range Bar
    APD A Air Products and ... -5.85% 2.39 Cup with Handle, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, New Downtrend, Wide Range Bar
    ERII D Energy Recovery, ... -14.63% 5.28 200 DMA Support, Doji - Bullish?, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, Hammer Candlestick, Lizard Bullish, New Downtrend, Stochastic Sell Signal, Volume Surge, Wide Range Bar
    CIM D Chimera Investmen... -8.55% 1.81 Fell Below 20 DMA, Fell Below 200 DMA, MACD Bearish Signal Line Cross, New Downtrend, Wide Range Bar
    EXPE B Expedia, Inc. -16.38% 5.45 Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, New Downtrend, Volume Surge, Wide Range Bar

    Comments

    S

    SwingTradeBot over 1 year ago

    What are your thoughts on 'today's (2023-08-03) market action?

    0 Reply
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    Cos3 over 1 year ago

    i was waiting the results of Amazon and AAPL, probably like a lot of traders.  What is your favorite exit signal ? do you wait to hit your (trailing) stop loss or you watch reversal signs?

    0 Reply
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    TraderMike over 1 year ago

    BTW, I just added this -- Exiting Your Trades – What Works Best? -- to the featured articles section of the site & thought of you.  

    FWIW, I disagree with the author (who's an old friend of mine) on the value of trailing stops. But that's one of the things about trading, different things work for different people.  I also think my timeframe is a bit longer than Dave's.

    0 Reply
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    TraderMike over 1 year ago

    Yeah, not to mention waiting for the jobs report.

    I try my best to rely on trailing stops & taking partials profits.  For example, I get a 3 R-multiple gain and then sell half my position & let the rest ride with a trailing stop.  But there are plenty of reasons I'd just close a position, including:

    1. The stock quickly hits my initial price target, (which is usually the most recent high it's pulled back from) and I have concerns that it's not going to continue
    2. The stock has stalled and I'm tired of holding it.  
    3. Similar to #2, a time-based stop. (that could be a day-trade or something I don't want to hold over a weekend or through an economic report/Fed decision)
    4. I just have too many open positions and want to lighten up.
    5. I see some good, new setups and want to use the cash from an old position to get into the new one(s).
    In my long term (retirement account) I primarily rely on Chandelier Exits for newer positions and transition to the 50 DMA once I have a nice profit cushion.

    1 Reply
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    Cos3 over 1 year ago

    it's interesting to see your way to manage it.  The 3R multiple is not in our favor when we use the principle "the trend is your friend" but we can see specific targets in the trend with some candles or classic paterns.  I just go also trough the Chandelier Exits on the Stockcharts site you linked and they are using the ATR period of 22.  I've started 2 months ago to really use stop loss and get out a lot (my stop out list are better than my performances) so i rapidly increased to 3.5 ATR but on 14 days... a constant learning process !!

    0 Reply
    T

    TraderMike over 1 year ago

    My exits are definitely more art than science.  

    Note that the SwingTradeBot portfolios will calculate a Chandelier Exit for you based on a 14 day ATR. 

    And, yes, trading is definitely a constant learning process.  I think even systematic traders have to pay attention to changes in the market & potentially tweak things.

    0 Reply
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