Is The 5,000 Level Of The S&P 500 Index A Stoppage? -LSB

Garima
12 Min Read


Cash dollar bills and stock market indicators

Javier Ghersi/Moment via Getty Images

“Magnificent Seven”, “Top Ten” or “Vaulted Securities”

On February 7 [W]The S&P 500 Index (SPX) came oh so close, peaking at 4,999.89 in the last hour of the session as I watched over and over.

Table 1 February (9): M & T

December (29, 2023), January (2 – 26), February (1 – 2, 2024)

31.01.24

4,845.65

-1.61%

*

*

02/01/24

4906.19

1.25%

P

1.25%

02/02/24

4958.61

1.07%

P

2.33%

02/05/24

4742.81

-4.35%

m

-2.12%

02/06/24

4754.23

0.24%

P

-1.89%

02/07/24

4,995.06

5.07%

P

3.08%

02/08/24

4997.91

0.06%

P

3.14%

02/09/24

5,026.61

0.57%

P

3.73%

NOTE

1. M&T is Moments & Trends

3.P/m: Plus/minus

3.P/m: Plus/minus

4. %CH: Percentage change.

5. Table made by the author.

Table 2: M & T Jan. & February (9)

01 – 29 December 2023 and 02 – 12 January

January Bull 10 points

February Bull 6 points

2023

8 pm

5 Ps

4 ps

3 p.s

2 Ps

1 Ps

January

0

1

0

0

1

3

February

0

0

1

0

1

0

January 11 points

January Bear 1 point

2023

6 ms

5 ms

4 ms

3 ms

2 ms

1 ms

January

0

0

0

2

1

3

February

0

0

0

2

1

3

NOTE

1. Data source: Yahoo Finance.

2. Table made by the author.

3. M & T is Moments & Trends

Table 3. Summary of the Trifecta in 2024

January (02 – 26), February. (01 – o9) 2024

Bullish (Plus) Trifecta For the bulls

2024

The number of a row for multiple (1-6) Tps

TOTAL

MONTH

6 Tp

5 Tp

4 Tp

3 Tp

2 Tp

1 Tp

Tps

January

0

0

1

1

3

8

February

0

0

0

2

0

4

Bearish (minus) Trifecta For Bears

2024

Number of a line for multiple Tms (1-6).

TOTAL

MONTH

6 Tm

5 Tp

4 Tm

3 Tm

2 Tm

1 Tm

Tms

January

0

1

2

4

January

0

0

1

1

NOTE

1. Data source: Yahoo Finance.

2. Tp is the Trifecta for Bull. (plus)

3. Tm is the Trifecta for Bear. (minus)

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

5. The author made the table.

Table 4. S&P 500 !! Select Sectors

Diffusion

February 24

XLRE

XLU

XLC

XLY

45

XLE

XIl

XLP

XLK

XLB

XLV

#P

SDI

02/01/24

m

m

m

m

m

m

m

m

m

m

m

0

0%

02/02/24

m

m

m

m

m

m

m

m

m

m

m

0

0%

02/05/24

m

m

P

P

P

m

P

P

P

m

P

7

64%

02/06/24

P

P

P

P

m

P

P

P

m

P

P

9

82%

02/07/24

m

P

m

P

P

P

P

m

P

P

P

8

73%

02/08/24

P

m

P

P

m

P

P

m

P

m

m

6

55%

02/09/24

P

P

P

P

P

m

P

m

P

P

m

8

45%

NOTE

Data source is Yahoo Finance, Table made by the author.

Share This Article
Leave a comment
error: Content is protected !!