The Technology Sector has declined -13% from this month's high. A bearish head and shoulders pattern has formed, and the neckline was tested today...
A look at the 10-minute bar chart below and you can see the sideways trading range. It appeared we were going to have a substantial loss booked on the major indexes today, but a last minute buying spree on heavy volume erased much of those losses...
Oil has finally begun to rally! It is now headed toward overhead resistance along the resistance line drawn from those June-July tops...
That's the line spoken by Dirty Harry in Magnum Force right after he blew away his crooked boss. I also personally use that line to curb any tendency toward hubris I might have...
The market moved sideways this morning, but fought to keep profits as prices headed south after lunch. Overall, price is in a trading range...
In this episode of DecisionPoint, Carl and Erin debate whether it's time to jump back in to Natural Gas (UNG)...
This is an excerpt from today's DecisionPoint Alert on DecisionPoint.com: It may only be a one-day bounce, but the questions are already appearing.....
It may only be a one-day bounce, but the questions that are already appearing..."Is the correction over in Technology? Is this a BUY point?" Below I have the chart of the Nasdaq, followed by the Technology Sector SPDR (XLK)...
A key element in determining the potential for more decline is the Technology Sector. As of Friday, that sector has declined -12.5%, and some of the indicators are getting oversold. Significantly, price penetrated the rising trend line, but managed to recapture it by the close...
We rarely talk about the Short-Term Trend Model, mainly because it isn't very helpful when it starts to jump around too much. DecisionPoint follows a more intermediate-term view of the markets...
The question on everyone's minds right now after today's big upside pop on the Nasdaq is whether the "correction" for Technology is over. I found it fascinating to see the one-week sector results today. Technology is in the bottom slot down -8...
On August 31, AAPL stock split 4 for 1 and TSLA split 5 for 1. On several occasions prior to that date I tried to make DecisionPoint ALERT readers and DecisionPoint Show viewers aware that stock splits often occur in the vicinity of price tops...
I decided to lead with the new Intermediate-Term Trend Model SELL signal on Oil (USO) today rather than beat to death the demise of the Nasdaq and Technology which I believe was covered plenty on the business channels...
You may have noticed that the Dow and S&P 500 couldn't get in sync this week...
Yesterday I talked about the climactic positive readings on breadth and how they were flashing "buying exhaustion". Well today, we have extremely climactic negative readings on breadth and the VIX. How do we read this? Another exhaustion? We'll talk about that more later...
I already wrote about this in the Diamonds Report and I plan to do my ChartWatchers article on UNG Friday so you're getting the heads up...
It isn't surprising to see Technology leading the market higher, but what was surprising was to see Materials up 2.81% and Technology up 1.91% today...
What's up with the VIX and breadth? And what are they telling us about the market this week? A big news item for this edition of DecisionPoint is a New Long-Term PMO BUY signal for the SPX, but the Apple (AAPL) and Tesla (TSLA) splits, along with the new component and weighting s...
Many of you who have been watching the monthly chart for the SPX over the past few weeks will note that the monthly PMO had a positive crossover awhile ago...
On Monday, August 31, AAPL will open after a 4 for 1 split. Not exactly news at this point, but there are some aspects of the event that some may not have considered. First, splits have been known to occur near (cause?) price tops -- not enough to make it a rule, but it happens...