$896.09
Tue, Nov 3, 2026 close (weekly items: Fri, Oct 30)
USFL alternative · entry card
| Buy zone (breakout retest) | — | — | no confirmed breakout, so no retest zone |
| Profit-Taking Zone | $931.00–957.14 | +3.9% to +6.8% | wk high 10-16, wk high 04-24, 40-wk SMA |
| Trading stop · daily close | below $859.03 | -4.1% | trading downgrade |
| Trend stop · Friday close | below $825.25 | -7.9% | trend downgrade one state |
| Breakout Buy Level | close above $923.17 | +3.0% | top of R1 (wk low 05-08, wk low 01-23) |
APPENDIX · GS · TECHNICAL TRADING SCORECARD
Scores · Trend 20.0
| RS vs S&P (20) + sector (10) | 2.0 + 0.0 = 2.0 / 30 |
| Structure (6 checks) | 10 / 30 |
| Score = (RS + structure) × 100/60 | 20.0 / 100 |
| Raw state (Up ≥ 60 · Down < 45) | Down |
| Confirmation (2 consecutive Fridays) | confirmed Down |
| Trend (confirmed) | Down |
✖ Fri close above 40-wk SMA 0/6 · ✖ 40-wk SMA rising (4 wks) 0/4 · ✖ 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 Down → 10-09 Down → 10-16 Down → 10-23 Down → 10-30 Down. Coppock, band position, breadth and modifiers no longer enter the Trend score (Coppock chart below is reference only). |
Scores · Trading 54.1
| RS (S&P 20 + sector 10) | 18.0 + 0.0 / 30 |
| Structure | 5 / 25 |
| Coppock (daily) — positive & rising | 25.0 / 25 |
| Band position | 6.1 / 20 |
| Raw | 54.1 (Neutral) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 54.1 Neutral |
| ✖ Close above 50-day SMA 0/5 · ✖ 50-day SMA rising (10 d) 0/3 · ✖ Close above 100-day SMA 0/4 · ✖ Close above 200-day SMA 0/5 · ✖ 200-day SMA rising (20 d) 0/3 · ✔ No daily lower high (last two swing highs) 5/5 |
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 (GS close needed) |
|---|
| Trend · S&P | 5 Established Down (+) → | -7.95% | +2.57% | Early Up ≥ 967.01 · Est. Down < 961.86 |
| Trend · XLF | 5 Established Down (−) → | -8.84% | -0.27% | Early Up ≥ 977.98 · Est. Down < 972.78 |
| Trading · S&P | 1 Established Up (−) → | +1.48% | -1.48% | Est. Up ≥ 886.96 (-1.0%) · Est. Down < 795.10 |
| Trading · XLF | 5 Established Down (−) ↓ | -1.91% | -3.83% | Est. Up ≥ 991.90 (+10.7%) · Early Up ≥ 915.36 · Est. Down < 910.46 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 896.09)
| Band | Range | Distance | Tools in the cluster |
|---|
| R3 | 967.24–984.70 | +7.9% to +9.9% | 50% 967.24 · wk high 02-13 968.39 · wk low 07-31 977.70 · wk high 01-16 984.70 |
| R2 | 931.00–957.14 | +3.9% to +6.8% | wk high 10-16 931.00 · wk high 04-24 952.01 · 40-wk SMA 955.28 · 200-day SMA 957.14 |
| R1 | 899.00–923.17 | +0.3% to +3.0% | wk low 05-08 899.00 · wk low 01-23 917.05 · wk high ’25-12-12 919.10 · 61.8% 923.17 |
| S1 | 859.03–876.79 | -2.2% to -4.1% | wk low 01-02 876.79 · wk low 02-13 869.00 · wk low 10-16 859.03 |
| S2 | 825.25–841.28 | -6.1% to -7.9% | wk high ’25-11-14 841.28 · wk high ’25-09-26 825.25 |
| S3 | 762.80–780.50 | -12.9% to -14.9% | wk low 03-13 780.50 · wk low ’25-11-07 762.80 |
| ATH | 1153.99 | +28.8% | 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 < 859.03 (-4.1%): trading downgrades one state, re-anchor to S2 825.25–841.28.
- Tier 2 (trend stop = Trend Breakdown / invalidation): Friday close < 825.25 (-7.9%): trend downgrades one state, re-anchor to S3 762.80–780.50.
- Trend vs S&P: above its 16-wk avg ≥ 967.01 · Est. Down < 961.86 (+7.3%) (next Friday, benchmark flat).
- Trading vs S&P: Est. Up ≥ 886.96 · Est. Down < 795.10.
Sluymer context
- Not named in the 15 reports reviewed (Aug 18 – Oct 13, 2026).
Notes & caveats
PAG U.S. Focus List alternative, entry card (treated like the US Watchlist). Holdings: issuer file as of 2026-10-14 (RBC PAG "Guided Portfolio Large Cap Equity Grid", last updated October 14, 2026 (u.s._focus_list_current.pdf; Focus List names, weights and Alternatives), Gmail (sc.assistant80@gmail.com), "USFL and CFL equity grids" from stephen.k.chang@rbc.com, Oct 21, 2026 3:20 PM PT; matches the Oct 14, 2026 U.S. Focus List Change Report); Grid Alternative (Financials; no Focus List weight). Benchmarks: S&P 500 (20 pts) and XLF (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).
