Connect with us

Hi, what are you looking for?

News

A Paradigm Switch: From The Ratchet Shifts To A Change Band

The All-Time Record [“ATR”]

The S&P 500 Index (or SPY, the ETF of S&P 500) made its 31st ATR on June 18 [T]. At 5,487.03, and moving in H2 (the second half of the year), it made its 32nd ATR at 5,509.01 on July

Table 1. The S&P 500 !! Select Sectors

Diffusion

Jun-24

XLRE

XLU

XLC

XLY

XLF

XLE

XLI

XLP

XLK

XLB

XLV

#P

SDI

06/03/24

m

m

P

m

m

m

m

P

P

m

P

4

36%

06/04/24

P

m

P

P

m

m

m

P

P

m

P

6

55%

06/05/24

m

m

P

P

P

P

P

m

P

P

P

8

73%

06/06/24

P

m

m

P

P

P

m

P

m

P

P

7

64%

06/07/24

m

m

m

m

P

m

P

m

P

m

m

3

27%

06/10/24

P

P

P

P

m

P

P

m

P

m

P

8

73%

06/11/24

m

m

P

m

m

m

m

m

P

m

m

2

18%

06/12/24

P

m

m

P

P

m

P

m

P

P

m

6

55%

06/13/24

m

P

m

P

m

m

m

P

P

m

m

4

36%

06/14/24

P

m

P

m

m

m

m

P

P

m

P

3

27%

06/17/24

m

m

P

P

P

P

P

P

P

P

m

8

73%

06/18/24

P

P

m

m

P

P

P

P

P

m

P

8

73%

06/20/24

m

P

P

P

P

P

m

m

m

m

P

6

55%

06/21/24

P

m

P

P

m

m

m

P

m

P

P

6

55%

06/24/24

m

P

P

m

P

P

P

P

m

P

P

8

73%

06/25/24

m

m

P

m

m

P

m

m

P

m

m

3

27%

06/26/24

P

m

m

P

m

m

m

m

m

P

m

3

27%

06/27/24

P

P

P

P

P

P

P

m

P

m

m

8

73%

06/28/24

P

m

m

m

P

P

P

m

m

P

P

6

55%

07/01/24

m

m

m

P

P

m

m

m

P

m

m

3

27%

07/02/24

P

P

P

P

P

P

P

P

P

P

m

10

91%

07/03/24

P

P

P

P

m

P

P

m

P

P

m

8

73%

07/05/24

m

P

P

P

m

m

m

P

P

P

P

7

64%

AVERAGE

53%

Table 2 Trifecta Data: Jun (1 – 28) and Jul (5)

DATE

SPY

DIA

QQQ

SPY

DIA

QQQ

Tp/Tm

05/31/24

528.06

387.82

451.46

*

*

*

*

06/03/24

527.96

386.23

453.38

m

m

P

S

06/04/24

528.54

387.65

454.33

P

P

P

Tp

06/05/24

534.43

388.50

463.55

P

P

P

Tp

06/06/24

534.38

389.30

463.33

m

P

m

S

06/07/24

533.77

388.44

462.77

m

m

m

Tm

06/10/24

535.35

378.97

464.51

P

m

P

D

06/11/24

537.19

387.95

468.57

P

P

P

Tp

06/12/24

542.27

387.56

476.89

P

m

P

D

06/13/24

542.44

386.70

477.18

P

m

P

D

06/14/24

542.78

386.46

479.19

P

m

P

D

06/17/24

547.03

388.87

484.67

P

P

P

Tp

06/18/24

548.45

389.10

485.32

P

P

P

Tp

06/20/24

546.80

392.09

481.69

m

P

m

S

06/21/24

544.72

391.43

480.85

m

m

m

Tm

06/24/24

542.68

394.02

474.09

m

P

m

S

06/25/24

544.69

390.77

479.17

P

m

P

D

06/26/24

544.68

390.86

479.00

m

P

m

S

06/27/24

546.56

391.87

482.01

P

P

P

Tp

06/28/24

545.06

391.52

479.87

m

m

m

Tm

07/01/24

545.18

391.27

481.84

P

m

P

D

07/02/24

548.30

392.90

486.65

P

P

P

Tp

07/03/24

551.14

393.00

490.88

P

P

P

Tp

07/05/24

554.40

393.55

495.94

P

P

P

Tp

NOTE

1. Tp is Trifecta for Bull, Tm is Trifecta for Bear.

2. “D” is double “P”. And “S” is Single “P”. .

3. Data Source: Yahoo Finance.

Table 3. The Summary of Trifecta In 2024

Jun (28), Jul (5) 2024

The Bullish (Plus) Trifecta For Bulls

2024

The No. of In A Row for multiple (1-6) Tps

TOTAL

Month

6 Tp

5 Tp

4 Tp

3 Tp

2 Tp

1 Tp

Tps

Jun

0

0

0

2

2

6

JUL

0

0

3

0

0

3

The Bearish (minus) Trifecta For Bears

2024

The No. of In A Row for multiple (1-6) Tms

TOTAL

Month

6 Tm

5 Tp

4 Tm

3 Tm

2 Tm

1 Tm

Tms

JUN

0

0

3

3

Jul

0

0

0

0

NOTE

1. Data Source: Yahoo Finance.

2. Tp is Trifecta for Bull.(plus)

3. Tm is Trifecta for Bear.(minus)

4. D is Double: 1″m”/2″P”, and S is Single: 2″m”/1″P”.

5. Author made the Table.

Table 4. Jun (28) and Jul (5) 2024: M & T

5/31/2024

DATE

S&P 500

%CH.1

P/m

%CH.2

%CH.3

05/31/24

5,277.51

*

*

*

*

06/03/24

5,283.40

0.11%

P

4.92%

*

06/04/24

5,291.34

0.15%

P

5.08%

*

06/05/24

5,354.03

1.18%

P

6.32%

*

06/06/24

5,352.96

-0.02%

m

6.30%

*

06/07/24

5,346.99

-0.11%

m

6.18%

*

06/10/24

5,360.75

0.26%

P

6.46%

*

06/11/24

5,375.32

0.27%

P

6.74%

*

06/12/24

5,421.03

0.85%

P

7.65%

*

06/13/24

5,433.74

0.23%

P

7.90%

*

06/14/24

5,431.60

-0.04%

m

7.86%

*

06/17/24

5,473.23

0.77%

P

8.69%

*

06/18/24

5,487.03

0.25%

P

8.96%

*

06/20/24

5,473.17

-0.25%

m

8.69%

*

06/21/24

5,464.62

-0.16%

m

8.52%

*

06/24/24

5,447.87

-0.31%

m

8.19%

*

06/25/24

5,469.30

0.39%

P

8.61%

*

06/26/24

5,477.90

0.16%

P

8.78%

*

06/27/24

5,482.87

0.09%

P

8.88%

*

06/28/24

5,460.48

-0.41%

m

8.44%

*

07/01/24

5,475.09

0.27%

P

8.73%

0.27%

07/02/24

5,509.01

0.62%

P

9.40%

0.89%

07/03/24

5,537.02

0.51%

P

9.96%

1.40%

07/05/24

5,567.19

0.54%

P

10.55%

1.95%

NOTE

1. M & T is Momentums & Trends

2. Data Source: Yahoo Finance

3.P/m: Plus/minus

4. %CH.1: The Percent Change from previous day.

5. %CH.2: The Percent Change from Jan 31.

6. Author made Table.

Table 5: M & T Jun (28), Jul (5) 2024

Jun Bull 12 points

Jul Bull 4 points

2024

8Ps

5Ps

4Ps

3Ps

2Ps

1Ps

Jun

0

0

1

2

1

0

12

Jul

0

0

1

0

0

0

4

Jun Bear 7 points

Jul Bear 0 point

2023

6ms

5ms

4ms

3ms

2ms

1ms

Jun

0

0

0

1

1

2

7

Jul

0

0

0

0

0

0

0

NOTE

1. Data Source: Yahoo Finance.

2. Author made Table.

3. M & T is Momentums & Trends

Table 6: The m/P on Friday

Apr May, Jun, Jul (5) 2024

Month

Date

May

3

10

17

24

31

P/m

P

P

P

P

P

Jun

7

14

21

28

*

P/m

m

m

m

m

*

Jul

5

12

19

26

*

P/m

P

*

*

*

*

The Friday Vote P vs. m was 6 vs. 4

NOTE

1. Data Source: Yahoo Finance.

2. Author made Table.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube