$266.17
Tue, Nov 3, 2026 close (weekly items: Fri, Oct 30)
USFL constituent · entry card
APPENDIX · JNJ · TECHNICAL TRADING SCORECARD
Scores · Trend 85.0
| RS vs S&P (20) + sector (10) | 20.0 + 1.0 = 21.0 / 30 |
| Structure (6 checks) | 30 / 30 |
| Score = (RS + structure) × 100/60 | 85.0 / 100 |
| Raw state (Up ≥ 60 · Down < 45) | Up |
| Confirmation (2 consecutive Fridays) | confirmed Up |
| Trend (confirmed) | Up |
✔ Fri close above 40-wk SMA 6/6 · ✔ 40-wk SMA rising (4 wks) 4/4 · ✔ No lower high vs cycle high 5/5 · ✔ Fri close above 20-wk SMA 5/5 · ✔ 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 Up → 10-02 Neutral → 10-09 Neutral → 10-16 Neutral → 10-23 Up → 10-30 Up. Coppock, band position, breadth and modifiers no longer enter the Trend score (Coppock chart below is reference only). |
Scores · Trading 74.9
| RS (S&P 20 + sector 10) | 18.0 + 0.0 / 30 |
| Structure | 25 / 25 |
| Coppock (daily) — positive & rising | 25.0 / 25 |
| Band position | 6.9 / 20 |
| Raw | 74.9 (Early Up) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 74.9 Early Up |
| ✔ Close above 50-day SMA 5/5 · ✔ 50-day SMA rising (10 d) 3/3 · ✔ Close above 100-day SMA 4/4 · ✔ Close above 200-day SMA 5/5 · ✔ 200-day SMA rising (20 d) 3/3 · ✔ 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 (JNJ close needed) |
|---|
| Trend · S&P | 1 Established Up (+) ↑ | +4.50% | +8.02% | Est. Up ≥ 262.41 (-1.4%) · Est. Down < 241.14 |
| Trend · XLV | 5 Established Down (+) → | -4.94% | +2.18% | Est. Up ≥ 312.57 (+17.4%) · Early Up ≥ 287.95 · Est. Down < 286.42 |
| Trading · S&P | 1 Established Up (−) → | +2.31% | -1.35% | Est. Up ≥ 261.65 (-1.7%) · Est. Down < 208.02 |
| Trading · XLV | 5 Established Down (−) ↓ | -1.33% | -3.27% | Est. Up ≥ 284.55 (+6.9%) · Early Up ≥ 270.57 · Est. Down < 269.13 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 266.17)
| Band | Range | Distance | Tools in the cluster |
|---|
| R2 | 281.07–282.02 | +5.6% to +6.0% | wk high 09-04 281.07 · ATH 10-30 282.02 |
| R1 | 269.43–276.47 | +1.2% to +3.9% | wk high 07-10 269.43 · wk high 07-31 274.90 · wk high 09-25 275.23 · wk high 08-21 276.47 |
| S1 | 245.17–251.71 | -5.4% to -7.9% | wk high 03-06 251.71 · 50% 251.19 · wk low 08-07 250.44 · 40-wk SMA 248.42 · 200-day SMA 247.48 · wk high 04-03 247.21 · wk low 07-24 245.49 · wk low 10-16 245.17 |
| S2 | 241.60–243.92 | -8.4% to -9.2% | 61.8% 243.92 · wk high 06-12 241.60 |
| S3 | 232.24–235.50 | -11.5% to -12.7% | wk high 05-22 235.50 · wk low 03-06 235.43 · wk low 03-27 232.24 |
| ATH | 282.02 | +6.0% | 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 < 245.17 (-7.9%): trading downgrades one state, re-anchor to S2 241.60–243.92.
- Tier 2 (trend stop = Trend Breakdown / invalidation): Friday close < 241.60 (-9.2%): trend downgrades one state, re-anchor to S3 232.24–235.50.
- Trend vs S&P: Est. Up ≥ 262.41 (-1.4%) · above its 16-wk avg ≥ 262.41 · Est. Down < 241.14 (-9.4%) (next Friday, benchmark flat).
- Trading vs S&P: Est. Up ≥ 261.65 · Est. Down < 208.02.
Sluymer context
- Not named in the 15 reports reviewed (Aug 18 – Oct 13, 2026).
Notes & caveats
PAG U.S. Focus List holding, 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); List weight 2.50%. Benchmarks: S&P 500 (20 pts) and XLV (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).
