CDNS
Cadence Design Systems
$323.75
Tue, Nov 3, 2026 close (weekly items: Fri, Oct 30)
GRNY holding · entry card
| Buy zone (breakout retest) | — | — | no confirmed breakout, so no retest zone |
| Profit-Taking Zone | $339.62–347.72 | +4.9% to +7.4% | wk low ’25-08-22, 50% retr., wk high ’25-12-12 |
| Trading stop · daily close | below $315.55 | -2.5% | trading downgrade |
| Trend stop · Friday close | below $305.19 | -5.7% | trend downgrade one state |
| Breakout Buy Level | close above $331.56 | +2.4% | top of R1 (wk high ’25-01-24, wk high 01-30) |
APPENDIX · CDNS · TECHNICAL TRADING SCORECARD
Scores · Trend 71.8
| RS vs S&P (20) + sector (10) | 15.4 + 7.7 = 23.1 / 30 |
| Structure (6 checks) | 20 / 30 |
| Score = (RS + structure) × 100/60 | 71.8 / 100 |
| Raw state (Up ≥ 60 · Down < 45) | Up |
| Confirmation (2 consecutive Fridays) | confirmed Down; Up pending 1/2 |
| Trend (confirmed) | Down |
✔ Fri close above 40-wk SMA 6/6 · ✔ 40-wk SMA rising (4 wks) 4/4 · ✖ No lower high vs cycle high 0/5 · ✖ Fri close above 20-wk SMA 0/5 · ✔ Fri close above 200-wk (4-yr) SMA 5/5 · ✔ 4-mo SMA > 13-mo SMA (completed months, to Sep) 5/5
Weekly raw states: 09-25 Down → 10-02 Up → 10-09 Up → 10-16 Down → 10-23 Down → 10-30 Up. Coppock, band position, breadth and modifiers no longer enter the Trend score (Coppock chart below is reference only). |
Scores · Trading 51.4
| RS (S&P 20 + sector 10) | 11.4 + 10.0 / 30 |
| Structure | 11 / 25 |
| Coppock (daily) — BOUNCE tag — oversold & turning up inside a down structure (no boost) | 2.5 / 25 |
| Band position | 16.5 / 20 |
| Raw | 51.4 (Neutral) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 51.4 Neutral |
| ✔ Close above 50-day SMA 5/5 · ✔ 50-day SMA rising (10 d) 3/3 · ✖ Close above 100-day SMA 0/4 · ✖ Close above 200-day SMA 0/5 · ✔ 200-day SMA rising (20 d) 3/3 · ✖ No daily lower high (last two swing highs) 0/5 |
Relative state (weekly RS vs 16-wk SMA + 2-wk slope; daily RS vs 15-d SMA + 3-d slope; Neutral ±0.25%; phase price = next Fri / next close, benchmark flat)
| Horizon · benchmark | State | RS vs SMA | RS chg | Phase-transition price (CDNS close needed) |
|---|
| Trend · S&P | 2 Early Up (+) ↑ | +2.26% | +3.70% | Est. Up ≥ 392.05 (+21.1%) · Early Up ≥ 320.50 · Est. Down < 318.79 |
| Trend · XLK | 2 Early Up (+) ↑ | +4.94% | +4.89% | Est. Up ≥ 380.80 (+17.6%) · Early Up ≥ 311.61 · Est. Down < 309.96 |
| Trading · S&P | 2 Early Up (−) → | +0.44% | -3.65% | Est. Up ≥ 330.46 (+2.1%) · Early Up ≥ 323.16 · Est. Down < 321.44 |
| Trading · XLK | 1 Established Up (+) ↑ | +3.75% | +1.00% | Est. Up ≥ 313.38 (-3.2%) · Est. Down < 261.53 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 323.75)
| Band | Range | Distance | Tools in the cluster |
|---|
| R3 | 355.59–365.01 | +9.8% to +12.7% | wk high 07-31 355.59 · wk high ’25-08-22 356.91 · wk high ’25-10-31 357.53 · wk low 06-26 358.76 · wk high 10-09 361.91 · wk high 05-08 365.01 |
| R2 | 339.62–347.72 | +4.9% to +7.4% | wk low ’25-08-22 339.62 · 50% 339.72 · wk high ’25-12-12 341.31 · wk high 08-28 347.72 |
| R1 | 325.03–331.56 | +0.4% to +2.4% | wk high ’25-01-24 325.03 · wk high 01-30 325.19 · wk high 2024-12-06 326.19 · wk low ’25-09-12 326.35 · 40-wk SMA 326.66 · 200-day SMA 327.61 · wk high 01-16 328.64 · wk high ’25-07-04 330.09 · wk low 05-22 331.56 |
| S1 | 315.55–323.39 | -0.1% to -2.5% | wk high ’25-05-30 323.39 · 61.8% 321.56 · wk low 07-17 320.07 · wk low ’25-10-17 318.02 · wk high 2024-12-20 317.25 · wk high ’25-01-10 315.55 |
| S2 | 305.19–311.70 | -3.7% to -5.7% | wk high 02-20 311.70 · wk high 03-06 311.24 · wk low ’25-07-18 311.08 · wk high ’25-06-13 310.95 · wk low ’25-12-19 310.94 · wk low 10-23 305.19 |
| S3 | 295.18–300.94 | -7.0% to -8.8% | wk high 03-20 300.94 · wk low 01-09 300.40 · wk low 2024-12-20 295.98 · wk low ’25-01-03 295.79 · wk low ’25-11-21 295.18 |
| ATH | 416.69 | +28.7% | all-time high; Profit-Taking fallback when no 2-tool band sits above the Breakout (extensions no longer used) |
Coppock, breadth and RS (reference only; not in the Trend score)
Stops & phase transitions
- Tier 1 (trading stop): daily close < 315.55 (-2.5%): trading downgrades one state, re-anchor to S2 305.19–311.70.
- Tier 2 (trend stop = Trend Breakdown / invalidation): Friday close < 305.19 (-5.7%): trend downgrades one state, re-anchor to S3 295.18–300.94.
- Trend vs S&P: Est. Up ≥ 392.05 (+21.1%) · above its 16-wk avg ≥ 320.50 · Est. Down < 318.79 (-1.5%) (next Friday, benchmark flat).
- Trading vs S&P: Est. Up ≥ 330.46 · Early Up ≥ 323.16 · Est. Down < 321.44.
Sluymer context
- Not named in the 15 reports reviewed (Aug 18 – Oct 13, 2026).
Notes & caveats
Fundstrat Granny Shots US Large Cap ETF (GRNY) holding, entry card (treated like the US Watchlist). Holdings: issuer file as of 2026-11-03 (https://grannyshots.com/fundstrat-granny-shots-us-large-cap-etf/grny-holdings/ (official; "Holdings as of November 3, 2026")); ETF weight 2.61%. Benchmarks: S&P 500 (20 pts) and XLK (10 pts). Trading items and bands use the Tue, Nov 3, 2026 close; trend uses the Fri, Oct 30 week. Entry levels: Buy Zone = breakout retest zone (BUY names only: from the broken level down to the floor of the resistance band it came from, or level −2%, whichever is tighter; a weekly close below = failed breakout); Breakout Buy Level = top of R1; Trend Breakdown (invalidation) = S2 floor on a Friday close; Profit-Taking = next resistance band above the breakout. Verdict: AVOID = Trend Down (confirmed on two Fridays) or Friday close below a falling 40-wk SMA; BUY = a weekly close above a Breakout Buy Level fixed from the prior week's data with ≥2 tools within 3% (most recent such breakout in the last 4 weeks), every Friday close since and the latest close still at or above it, and Trend not Down; WAIT = otherwise. Buy Zone is reference only. Coppock = 10-bar WMA of ROC(14)+ROC(11), standard settings used as a placeholder because his are unpublished; DAS is omitted. Zone = sign + 3-yr percentile; direction = 2 bars. SMAs are simple; swings are 5-bar extremes; the channel is a 2-yr log regression ±2σ. The breadth proxy is the % of 500 current S&P 500 members with a rising weekly Coppock; it has survivorship bias, is a regime input only, and no other stock was scored. Weights are our choices (playbook §10); the state rule matched 86% / 83% of his sector states in-sample. Data: Yahoo Finance (unadjusted); weight from the Portfolio Dashboard (PIM 11/2 EOD, read-only).
