From the all-time highs in February to the bear market lows (so far) on Monday the market (SPY) has fallen -35%. Since that low, the market rallied +20% in four days, so only another +15% before we make up all the losses, right? Err, no...
I don't generally study Fibonacci retracement levels, but today while writing the DP Diamonds report, I realized that off "V" bottom moves, the first level at 38.2% can be the make or break level of the pattern...
The Utilities Sector (XLU) was up over 2.5% today. It was unable to prevent the death cross of the 50/200-EMAs. The sector is heavily oversold given the zeros on the indicators below. Think about that a second... ZERO stocks above their 20/50-EMAs in the Utilities sector...
The Price Momentum Oscillator (PMO) turned down on February 21, two days after the market's all-time high, and it moved steadily downward until Tuesday, when it finally turned up -- a short-term buy signal. The PMO has a normal range for market indexes of about +2.0 to -2...
Today we lost another Long-Term Trend Model BUY signal on the DecisionPoint Sector Scoreboard. Health Care (XLV) triggered a Long-Term Trend Model SELL signal when the 50-EMA crossed below the 200-EMA (death cross)...
In this episode of DecisionPoint, Carl talks about the concept of "deflationary depression" and the implications. Carl and Erin discuss current technical levels for price and also look at the technical levels based on earnings at overvalue, fair value and undervalue...
You'll notice in "Today's Market Summary", that the Nasdaq 100 finished the day higher. Carl and I talked about possible reasons we could be seeing some outperformance (falling slower) by the Nasdaq and the NDX in particular...
When internals get oversold, we normally expect a rally to materialize to at least clear the condition...
The market rebounded somewhat and the optimism on the financial channels began to build in earnest. I like monitoring sentiment in the short-term through financial networks and social media. Sentiment needs to hit bearish extremes for a rebound...
The SPX triggered a new Long-Term Trend Model SELL signal as the 50-EMA crossed below the 200-EMA. We use the SPY as our benchmark for the DecisionPoint signals that we report to "Timer Digest". The SPY is still on a Long-Term Trend Model BUY signal...
EDITOR'S NOTE: This is an update to my 3/13/2002 DP Weekly Wrap comments. When we look for downside potential for the S&P 500 Index, the simplest way is to look at obvious support levels based upon lines drawn across prior significant highs and lows...
I'll admit to breathing a sigh of relief today. The markets finally showed some strength. However, I hope you are able to remember the few rallies we have seen over the past few weeks and the sinking feeling when the next day took out those profits and then some...
In this episode of DecisionPoint, Carl and Erin discuss several topics including, of course, the bear market environment, along with global markets, broad markets and a few individual stocks you should see...
Today's decline was breathtaking. The resulting losses from the past 3 weeks is something no one (even bears like Carl and I) could have conceived. This is different. I'm sure you've been hearing this for some time...
On our Monday StockCharts TV show, Erin and I discussed potential downside targets for the stock market, and it is time I covered that subject here...
There's much to talk about! We had three new Long-Term Trend Model SELL signals (XLF, XLI and IWM), small- and mid-caps are being crushed, money mangers have reduced exposure to next to nothing and we had another historic drop in the Dow and S&P 500 (among others)...
It is now official. We have entered a bear market. Our Long-Term Trend Model hasn't had the 50/200-EMA negative crossover, but it's filled the percentage requirement. Volume was still at 'panic' level, but we did see it pull back just a bit...
We track crude oil using the ETF USO because it makes oil accessible for trading without having to get involved in future contracts; however, you will notice that USO has a slight downward bias when compared to $WTIC, the continuous contract dataset for tracking the futures price...
There was lots of activity in the capital today and it seemed to assuage fears about the effects of coronavirus on businesses, particularly cruise lines and airlines...
Another brutal day in the market as not only the coronavirus continues to panic, but Oil added to the fun and took a deep dive along with the Dollar today. We haven't reached the magic 20% down number to officially call this a bear market, but both Carl and I are calling it...