TECHNICAL TRADING SCORECARD
$109.16
Tue, Nov 3, 2026 close (weekly items: Fri, Oct 30)
US Watchlist · entry card
AVOIDAvoid for now: Friday close below a falling 40-wk SMA ($113.60). Re-check when the trend repairs.
Action levels
| Buy zone (breakout retest) | — | — | no confirmed breakout, so no retest zone |
| Profit-Taking Zone | $114.77–117.59 | +5.1% to +7.7% | 200-day SMA, wk low 08-21 |
| Trading stop · daily close | below $98.00 | -10.2% | trading downgrade |
| Trend stop · Friday close | below $89.39 | -18.1% | trend downgrade one state |
| Breakout Buy Level | close above $113.79 | +4.2% | top of R1 (wk high 02-20, 40-wk SMA) |
Trend at a glance
Trend Score (8–16 wk)
● Up
Score 12/100. Lags S&P and sector; below falling 40-wk. Raw Down this Friday, needs a 2nd to confirm.
Trading (10–20 day)
● Established Down
Below 50-day; daily RS vs S&P Est. Down.
Sluymer's view: Range-bound under 140; support 103–110: “NOW remains range bound under resistance near 140 with a near-term pullback underway and support in the 103-110 range.” (Chartbook, Aug 18, 2026).
Watch this week: Fri Nov 6: breakout entry on a close above $113.79 (+4.2%); a Friday close below $89.39 (-18.1%) invalidates.
APPENDIX · NOW · TECHNICAL TRADING SCORECARD
Scores · Trend 11.5
| RS vs S&P (20) + sector (10) | 4.6 + 2.3 = 6.9 / 30 |
| Structure (6 checks) | 0 / 30 |
| Score = (RS + structure) × 100/60 | 11.5 / 100 |
| Raw state (Up ≥ 60 · Down < 45) | Down |
| Confirmation (2 consecutive Fridays) | confirmed Up; Down pending 1/2 |
| Trend (confirmed) | Up |
✖ 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 0/5 · ✖ 4-mo SMA > 13-mo SMA (completed months, to Sep) 0/5
Weekly raw states: 09-25 Up → 10-02 Up → 10-09 Up → 10-16 Up → 10-23 Up → 10-30 Down. Coppock, band position, breadth and modifiers no longer enter the Trend score (Coppock chart below is reference only). |
Scores · Trading 19.8
| RS (S&P 20 + sector 10) | 2.0 + 1.0 / 30 |
| Structure | 8 / 25 |
| Coppock (daily) — negative & falling | 2.5 / 25 |
| Band position | 6.3 / 20 |
| Raw | 19.8 (Established Down) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 19.8 Established Down |
| ✖ Close above 50-day SMA 0/5 · ✔ 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) 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 (NOW close needed) |
|---|
| Trend · S&P | 4 Early Down (−) ↓ | -17.54% | -25.18% | Est. Up ≥ 129.32 (+18.5%) · Est. Down < 107.60 |
| Trend · XLK | 4 Early Down (−) ↓ | -15.25% | -24.32% | Est. Up ≥ 125.60 (+15.1%) · Est. Down < 104.50 |
| Trading · S&P | 5 Established Down (+) ↓ | -20.41% | +1.53% | Early Up ≥ 137.52 · Est. Down < 136.78 |
| Trading · XLK | 5 Established Down (+) ↓ | -17.68% | +6.43% | Early Up ≥ 133.16 · Est. Down < 132.45 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 109.16)
| Band | Range | Distance | Tools in the cluster |
|---|
| R3 | 126.67–130.39 | +16.0% to +19.4% | wk high 03-13 126.67 · wk low 10-02 126.75 · wk low 09-11 130.39 |
| R2 | 114.77–117.59 | +5.1% to +7.7% | 200-day SMA 114.77 · wk low 08-21 117.59 |
| R1 | 110.85–113.79 | +1.5% to +4.2% | wk high 02-20 110.85 · 40-wk SMA 113.60 · wk high 07-10 113.79 |
| S1 | 98.00–99.18 | -9.1% to -10.2% | wk low 02-27 99.18 · wk low 03-27 98.34 · wk low 02-13 98.00 |
| S2 | 89.39–91.53 | -16.2% to -18.1% | wk low 07-24 91.53 · wk low 06-26 89.39 |
| S3 | 83.58–85.44 | -21.7% to -23.4% | wk low 05-15 85.44 · wk low 04-24 83.58 |
| ATH | 239.62 | +119.5% | 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 < 98.00 (-10.2%): trading downgrades one state, re-anchor to S2 89.39–91.53.
- Tier 2 (trend stop = Trend Breakdown / invalidation): Friday close < 89.39 (-18.1%): trend downgrades one state, re-anchor to S3 83.58–85.44.
- Trend vs S&P: Est. Up ≥ 129.32 (+18.5%) · above its 16-wk avg ≥ 129.32 · Est. Down < 107.60 (-1.4%) (next Friday, benchmark flat).
- Trading vs S&P: Early Up ≥ 137.52 · Est. Down < 136.78.
Sluymer context
- 2026-08-18 chartbook: “NOW remains range bound under resistance near 140 with a near-term pullback underway and support in the 103-110 range. Source: RBC Wealth Management, Bloomberg, Optuma”
Notes & caveats
US Watchlist entry card. Universe: Quant + Fund Scorecard US Watchlist (/home/box/hq-fundamentals-scorecard/latest.json, read-only). 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).