There were overlaps among readers and myself as far as requests. I was going to cover two of those that were requested! Many charts are currently showing bullish "V" Bottoms. The calculation on whether these pattern have executed is to watch for a 38...
Scans are finally beginning to show results. My Momentum Sleepers scan came up with 771 candidates! I opted to cull from Carl's Scan again which had over 70 results today...
Today Carl's Scan turned out 46 scan results. I decided to look specifically for On-Balance Volume positive divergences. This means that upside volume is holding up despite record declines...
Today we received the exposure results from the National Association of Active Investment Managers (NAAIM). These are managers that base most of their investing on technical indicators...
Another day and still zero Diamond Scan results. However, I am finally seeing some action in my Momentum Sleepers scan. Today five Truckers hit the scan results. I questioned the viability of truckers in this 'new normal' as Transports are continuing to be knocked hard...
I have been asked over and over about whether now is the time to take advantage of bargains or to continue to "dollar-cost average". No one wants to hear what I have to say. They are looking for comfort and validation that they are doing the right thing...
Again a relief to have 'reader request' Thursday. I decided to add one of my own as well as take a look at the only stock that was up today in the S&P 500. We are in panic mode in the market (like I need to tell you that)...
The wild ride continues. With volatility still off the charts, I recommend carefully managing all of your positions during the trading day (if you aren't already). I am currently selling into strength when I can and sitting in 80% cash now...
The market has been punched in the gut and it has taken with it some stocks in defensive groups. I still am a fan of Health Care space and Utilities (you'll see a few below), but I did find some interesting plays within Software and Discretionary...
Reader requests were fascinating as usual and I can't wait to share some of these great charts! What I found very interesting is that these all come from different sectors...
With the coronavirus running amok, it isn't surprising to see one area of the market showing strength. Healthcare is the one area that most agree could actually benefit from the coronavirus. I noticed that I had quite a few biotechs and pharmaceuticals hitting the scans...
While the market and indicators are flashing "oversold", my sense is that it isn't a strong foundation for a rally...more like thin ice. We should be either compiling a strong watch list or seeking pockets of strength...
Thank goodness it is Reader Request Thursday as there continues to be slim pickin's coming out of DecisionPoint scans. In the past four days, the bullish Diamond Scan has had only ONE result total...
I'll tell you up front, there were zero results on the DecisionPoint scans today for Diamonds. A couple of bond funds appeared in Carl's Scan but my scans produced 2 stock each and trust me they aren't worth mentioning. This is not the time to expose yourself further...
Today was a continuation of yesterday's decline. The hits keep coming and one of the punches appears to be the coronavirus. I've had quite a few of my friends ask me about whether it's time to start investing in the pharma and biotech space, as well as medical supplies...
I have so much fun on Reader Request Thursdays! Your requests have been coming in all week and I have selected four requests and popped a stock in from my Diamond Scan that has me very interested...
While sifting through today's DecisionPoint scans, I found some very instructive and possibly lucrative On-Balance Volume (OBV) positive divergences. A positive divergence with the OBV is seeing rising OBV bottoms and declining price lows...
Interesting day in the market with Apple (AAPL) leading major indices lower. I found it was a little tricky to weed out my scan results today...
I love Reader Request Thursdays! It is always interesting to see what is hitting the radar of the DecisionPoint Faithful. Credit where credit is due--all of these but one is up on the week...
Quite an array of stocks and ETFs to show you today! The coronavirus is still a big concern, but I noticed a lot of China ETFs and companies in my Bottom Fishing Scan today. One Chinese company has a very low priced stock so for the risk takers out there, it could be interesting...